Given:

Initial consumption at zero disposable income (b)=75

Marginal Propensity to Consume (c)=.75

Level of Taxes if Y=0 (s)=25

Investment (I)=20

Government Expenditures (G)=30

Marginal Propensity to Tax (t)=.25

1. Calculate the equilibirium level of income using the model Y=C+I+G

asked by guest
on Nov 16, 2024 at 7:36 am



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