Q) What is the long-term value of Consumption C (t) in the following macroeconomic model?C = 200 + 0.75Y; E = C+80; dY/dt = 0.8(E-Y) ; Y0=1200Explain it correctly and not solve in excel works now. Typed or handwriting answer provides.

Given: C = 200 + 0.75Y E = C+80 dY/dt = 0.8(E-Y) Y0=1200 E = C+80 E = 200 + 0.75Y + 80 E = 280 +…

Answered: What is the long-term value of…

What is the long-term value of Consumption C (t) in the following macroeconomic model? C = 200 + 0.75Y; E = C+80; dY/dt = 0.8(E-Y) ; Y0=1200

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy

Section: Chapter Questions

Problem 8QP

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Q) What is the long-term value of Consumption C (t) in the following macroeconomic model?

C = 200 + 0.75Y; E = C+80; dY/dt = 0.8(E-Y) ; Y₀=1200

Explain it correctly and not solve in excel works now.

Typed or handwriting answer provides.

Branch of economics that analyzes the behavior and performance of an economy as a whole. It focuses on the study of aggregates and evaluates changes related to unemployment, gross domestic product, inflation, monetary and fiscal policies of the government.

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