i) C = 250 + 0.8 Y I = 150 G = 300 TR = 100 NX = 100 t =0.25 ii) C^ falls to 50, MPS falls to .05, I falls to 10, G falls to 100 and NX falls to 10. Make a graph of i) and ii)
i) C = 250 + 0.8 Y I = 150 G = 300 TR = 100 NX = 100 t =0.25 ii) C^ falls to 50, MPS falls to .05, I falls to 10, G falls to 100 and NX falls to 10. Make a graph of i) and ii)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
i) C = 250 + 0.8 Y
I = 150
G = 300
TR = 100
NX = 100
t =0.25
ii) C^ falls to 50, MPS falls to .05, I falls to
10, G falls to 100 and NX falls to 10.
Make a graph of i) and ii)
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