Answered: Suppose the level of autonomous…

Suppose the level of autonomous investment in an economy is 200 crores. The following saving function is given : S = -80+ 0.25 Y Find the equilibrium level of income.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.7P

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Question

Suppose the level of autonomous investment in
an economy is 200 crores. The following
saving function is given :
S = -80+ 0.25 Y
Find the equilibrium level of income.

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