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For a specific model where the consumption function is given as C = 100 + 0.75Y,...

For a specific model where the consumption function is given as C = 100 + 0.75Y, while investment is 60, with no government purchases and no net exports,

A) find the equilibrium level of income

B) Find the level of savings

C) if, for some reason, output is at the level of 700, what will the level of unplanned inventory be?

D) if I rises to 80, what will the effect be on the equilibrium income?

E) what is the value of the multiplier, α, here?

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