ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 4, Problem 4.8P
To determine
Effect on the
Concept Introduction:
Equilibrium price refers to the price where the quantity supplied of the good equals the quantity demanded of the good.
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17. Given that C=$700+0.8Y, I=$300, G=$600, what is Y if Y=C+I+G?
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