Assume that X=375, M=500, I-800 and C=1,000 +0.8Yd, G-1200, and T 800, where Yd is disposableincome. Solve for the equilibrium level of output.

here we calculate the equilibrium level of output by using those term which are as follow-

Answered: Assume that X=375, M-500, I-800 and…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Assume that X=375, M-500, I-800 and C-1,000 +0.8Yd, G-1200, and T- 800, where Yd is disposable income. Solve for the equilibrium level of output.