Consumption was given by the consumption function c200.6yd, Ask an Expert

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suppose that for a particular economy and period, investment was equal to 200, government expenditure was equal to 100, net taxes were fixed at 150, and consumption was given by the consumption function c=20+0.6Yd where Yd is disposable income and Y is GDP. what is the level of equilibrium income?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M941753

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