MACROECONOMICS
14th Edition
ISBN: 9781337794985
Author: Baumol
Publisher: CENGAGE L
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Question
Chapter 9, Problem 2TY
To determine
To describe: An expenditure schedule, the equilibrium level and comparison using income-expenditure diagram.
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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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