Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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how to read this function in word?
Transcribed Image Text:(1)
(2)
(3)
(4)
y = I+C (expenditure),
y = S+C (use of income).
So in equilibrium I must equal S:
I=f(i), f<0,
S=f(y), f>0,
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