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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 = 250 + 0
Suppose a closed economy has an intended investment of 150 and an aggregate consumption function given by C = 250 + 0.75Yd. Suppose also that the government spends 50 but collects no taxes.
What is equilibrium output and income?
(round your answer to the nearest whole value)
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