You are given the following data concerning Kadwan, a country located in the mountains: • Consumption function: C = 150 +0.70Y • Investment function: I=75 Aggregate expenditure function: AE = C +I Equilibrium: AE =Y The MPC in Kadwan is (Round your response to two decimal places.) The MPS in Kadwan is (Round your response to two decimal places.) The level of equilibrium income, Y, is currency-units. (Enter your response as an integer.)

You are given the following data concerning Kadwan, a country located in the mountains: • Consumption function: C = 150 +0.70Y • Investment function: I=75 Aggregate expenditure function: AE = C +I Equilibrium: AE =Y The MPC in Kadwan is (Round your response to two decimal places.) The MPS in Kadwan is (Round your response to two decimal places.) The level of equilibrium income, Y, is currency-units. (Enter your response as an integer.)

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter9: The Keynesian Model In Action

Section: Chapter Questions

Problem 18SQ

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