The information below represents values for the various market participants. C= $100+ 0.8Yd lg = $50 G = $60 X = $120 M = $190 a) Assuming that the full-employment level of output is $1000: i. what kind of gap exists? ii. What is the size of the gap? b) How much are consumers saving at full employment? I c) What is the equilibrium value for a public open economy?

The information below represents values for the various market participants. C= $100+ 0.8Yd lg = $50 G = $60 X = $120 M = $190 a) Assuming that the full-employment level of output is $1000: i. what kind of gap exists? ii. What is the size of the gap? b) How much are consumers saving at full employment? I c) What is the equilibrium value for a public open economy?

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter18: The Keynesian Model

Section: Chapter Questions

Problem 6SQP

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