Suppose consumption is given by: C=100+0.5(Y-T), planned investment is 200, government spending is 100, and the government is running a balanced budget. The equilibrium level of income is: O 250 O 350 O 700 O 800

Suppose consumption is given by: C=100+0.5(Y-T), planned investment is 200, government spending is 100, and the government is running a balanced budget. The equilibrium level of income is: O 250 O 350 O 700 O 800

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please answer correct calculation please asap please

Don't answer by pen paper plz.

Suppose consumption is given by: C=100+0.5(Y-T), planned investment is 200, government
spending is 100, and the government is running a balanced budget. The equilibrium level of income
is:
O 250
O 350
O 700
O 800

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