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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