The partial data in the table below are for the economy of Arinaka. Planned investment, government spending, and all taxes are autonomous. You may assume that the MPC, MPS, and MPM are constant. a. Fill in the blanks in table below. Y $700 800 900 1,000 T $100 YD C $560 S $40 45 I $100 G $90 XN $10 -5 b. The value of equilibrium income is $ c. If planned investment decreases by $20, the new value of equilibrium income is $ AE Unplanned I

The partial data in the table below are for the economy of Arinaka. Planned investment, government spending, and all taxes are autonomous. You may assume that the MPC, MPS, and MPM are constant. a. Fill in the blanks in table below. Y $700 800 900 1,000 T $100 YD C $560 S $40 45 I $100 G $90 XN $10 -5 b. The value of equilibrium income is $ c. If planned investment decreases by $20, the new value of equilibrium income is $ AE Unplanned I

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?

Section: Chapter Questions

Problem 6TY

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