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Homework answers / question archive / Suppose a closed economy has an intended investment of 150 and an aggregate consumption function given by C = 200 +0

Suppose a closed economy has an intended investment of 150 and an aggregate consumption function given by C = 200 +0

Economics

Suppose a closed economy has an intended investment of 150 and an aggregate consumption function given by C = 200 +0.75Yd. Suppose also that the government spends 150 but collects no taxes. What is equilibrium output and income? (round your answer to the nearest whole value) Your Answer: Answer Question 22 (1 point) Suppose a closed economy has antaggregate consumption function given by C = 300 +0.50 Yd and generates $2900 output and income in equilibrium. Suppose also that the government collects a lump-sum tax of 100. How much will the private sector be saving total in equilibrium? (round your answer to the nearest whole value) Your Answer:

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