The consumption function is defined a C= 800 + (0.8)YD, the marginal income tax rate is t = 0.5, and autonmous investment decreases by 50, then the budget surplus would be?
The consumption function is defined a C= 800 + (0.8)YD, the marginal income tax rate is t = 0.5, and autonmous investment decreases by 50, then the budget surplus would be?
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.3P
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The consumption function is defined a C= 800 + (0.8)YD, the marginal income tax rate is t = 0.5, and autonmous investment decreases by 50, then the budget surplus would be?
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