In the Keynesian-cross analysis, if the consumption function is given by C=100+0.6(Y-T),and planned investment is 100,G is 100, and T is 100,then the equilibrium Y is: Select one: a. 400 b. 350 c. 750 d. 600
In the Keynesian-cross analysis, if the consumption function is given by C=100+0.6(Y-T),and planned investment is 100,G is 100, and T is 100,then the equilibrium Y is: Select one: a. 400 b. 350 c. 750 d. 600
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy
Section: Chapter Questions
Problem 8QP
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In the Keynesian-cross analysis, if the consumption function is given by C=100+0.6(Y-T),and planned investment is 100,G is 100, and T is 100,then the equilibrium Y is:
Select one:
a.
400
b.
350
c.
750
d.
600
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