Banana Republic is a closed economy with C = 100 + .9Y, I = 40, and G = 60.5. The equilibrium income of the Republic isа. 1000b. 1900O c. 100d. 2000QUESTION 6Banana Republic is a closed economy with C = 100 + .9Y, I = 40, and G = 60.6. The equilibrium consumption of the Republic isа. 1000b. 2000С. 1900d. 100

Closed economy: It refers to the economy which does not support the exchange of goods and services…

Answered: Banana Republic is a closed economy…

Banana Republic is a closed economy with C = 100 + .9Y, I = 40, and G = 60. %3D 5. The equilibrium income of the Republic is а. 1000 b. 1900 С. 100 d. 2000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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