Business, 09.06.2021 01:00 jennashowbiz
A closed economy has full employment level of output (Y) of 7000 (we got this from chapter 3 - the interaction of labor supply and demand). Government purchases, G, are 1600, taxes (T) are 1600 (G and T are our exogenous variables). Desired consumption (Cd) and investment (Id) are:
C^d= 3200+ 0.2(Y-T)- 200r
I^d= 1200- 3000r
Required:
Solve for the desired savings function in intercept -slope form
Answers: 2
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Business, 22.06.2019 04:30
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A closed economy has full employment level of output (Y) of 7000 (we got this from chapter 3 - the i...
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