Use a Keynesian model to calculate the answer. Full employment output Investment Autonomous consumption The marginal propensity to consume = || = || = = 80 million 20 million 15 million 0,6 What will the equilibrium level of income be?
Use a Keynesian model to calculate the answer. Full employment output Investment Autonomous consumption The marginal propensity to consume = || = || = = 80 million 20 million 15 million 0,6 What will the equilibrium level of income be?
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter11: Fiscal Policy: The Keynesian View And Historical Development Of Macroeconomics
Section: Chapter Questions
Problem 2CQ
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