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?

Economics (MindTap Course List)
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ISBN:9781337617383
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Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy
Section10.2: The Simple Keynesian Model
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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?
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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