If the consumption function is C-800+0.6(Y-T), output, Y.= $2,100 and net taxes, T.-$100, then consumption=S For the data in the following table, the consumption function is C-800+0.6(Y-7) Fill in the columns in the table and identify the equilibrium output. The equilibrium output is s Output $2,100 2,600 3,100 3,000 4,100 4,600 5,100 Net Taxes $100 100 100 100 100 100 100 Disposable Consumption Income Spending $ Saving (Round your response to the nearest whole number) 300 300 300 300 300 Planned Investment Government Spending $300 300 Planned Aggregate Purchases Expenditure $400 400 400 400 400 400 400 Unplanned Inventory Change
If the consumption function is C-800+0.6(Y-T), output, Y.= $2,100 and net taxes, T.-$100, then consumption=S For the data in the following table, the consumption function is C-800+0.6(Y-7) Fill in the columns in the table and identify the equilibrium output. The equilibrium output is s Output $2,100 2,600 3,100 3,000 4,100 4,600 5,100 Net Taxes $100 100 100 100 100 100 100 Disposable Consumption Income Spending $ Saving (Round your response to the nearest whole number) 300 300 300 300 300 Planned Investment Government Spending $300 300 Planned Aggregate Purchases Expenditure $400 400 400 400 400 400 400 Unplanned Inventory Change
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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