Suppose a closed economy has an aggregate consumption function given by +0.50Yd and generates $2200 output and income in equilibrium. Suppose also that the government collects a lump-sum tax of 400. How much will the private sector be saving total in equilibrium? (round your answer to the nearest whole value) Your Answer:
Suppose a closed economy has an aggregate consumption function given by +0.50Yd and generates $2200 output and income in equilibrium. Suppose also that the government collects a lump-sum tax of 400. How much will the private sector be saving total in equilibrium? (round your answer to the nearest whole value) Your Answer:
Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?
Section: Chapter Questions
Problem 6TY
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ISBN:
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Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc