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Using the Keynesian-cross analysis, assume that the consumption function is given by C- 200 +0.7(Y - T) If planned investment is 100 and Tis 100, then the level of G needed to make equilbrium Y equal 1,000 is Oa 170 0 200 Oc 250 Od 350

Using the Keynesian-cross analysis, assume that the consumption function is given by C- 200 +0.7(Y - T) If planned investment is 100 and Tis 100, then the level of G needed to make equilbrium Y equal 1,000 is Oa 170 0 200 Oc 250 Od 350

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Using the Keynesian-cross analysis, assume that the consumption function is given by C- 200 +0.7 (Y - T) If planned investment is 100 and Tis 100, then the level of G needed to make equilibrium Y equal 1,000 is O a 170 Ob 200 Oc 250 Od 350
Transcribed Image Text:Using the Keynesian-cross analysis, assume that the consumption function is given by C- 200 +0.7 (Y - T) If planned investment is 100 and Tis 100, then the level of G needed to make equilibrium Y equal 1,000 is O a 170 Ob 200 Oc 250 Od 350
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