2 Question 2An open economy is defined byC=100+0.8(Y-T)I=400X=0.3Y*IM=0.3YT=1000, G=1000, Y*=1000The multiplier of this economy is:A) 5B) 2C) 1.2D none is correct

Here, the information about the components of aggregate demand is given with the value of MPC as…

Answered: An open economy is defined by…

An open economy is defined by C=100+0.8(Y-T) 1=400 X=0.3Y* IM=0.3Y T=1000, G=1000, Y*=1000 The multiplier of this economy is: A) 5 B) 2 (C) 1.2 (D) none is correct

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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