question archive Suppose that the economy is characterized by the following behavioral equations: C = 160 + 0

Suppose that the economy is characterized by the following behavioral equations: C = 160 + 0

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Suppose that the economy is characterized by the following behavioral equations:

C = 160 + 0.6YD

I = 150

G= 150

T= 100

Solve for the following variables.

a. Equilibrium GDP (Y)

b. Disposable income (YD)

c. Consumption spending (C)

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