Suppose the level of autonomous investment in an economy is 200 and the consumption function is given by C=80+0.75Y. Find the equilibrium level of income What will be the increase in national income if investment is increased by 25.
Suppose the level of autonomous investment in an economy is 200 and the consumption function is given by C=80+0.75Y. Find the equilibrium level of income What will be the increase in national income if investment is increased by 25.
Chapter23: The Aggregate Expenditure Model
Section: Chapter Questions
Problem 4P
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Suppose the level of autonomous investment in an economy is 200 and the consumption function is given by C=80+0.75Y. Find the equilibrium level of income What will be the increase in
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