Suppose a closed economy has an aggregate consumption function given by C = 300 + 0.75Yd and generates $2200 output and income in equilibrium.  Suppose also that the government collects a lump-sum tax of 300.   How much will the private sector be saving total in equilibrium? (round your answer to the nearest whole value)

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
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Chapter18: The Keynesian Model
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Suppose a closed economy has an aggregate consumption function given by C = 300 + 0.75Yd and generates $2200 output and income in equilibrium.  Suppose also that the government collects a lump-sum tax of 300.  

How much will the private sector be saving total in equilibrium?

(round your answer to the nearest whole value)

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