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:

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Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?
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Suppose a closed economy has an aggregate consumption function given by C = 200
+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:
Answer
Transcribed Image Text:Suppose a closed economy has an aggregate consumption function given by C = 200 +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: Answer
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