Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy
Section10.2: The Simple Keynesian Model
Problem 2ST
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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

Transcribed Image Text:Given these equations,
C=210+b Yd,
1=460,
G=270-0.1Y,
X = 530,
M = 485, and
T = 13+0.2Y
If the multiplier on Investment is 2.427, what is b?
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