Question
Suppose that the economy is characterized by the following behavioral equations: C =160+0.60YD I = 150...
Suppose that the economy is characterized by the following behavioral equations:
C =160+0.60YD
I = 150
T = 100
Assume that government spending (G) is equal to 110.
Equilibrium output (Y) =
Total demand is _______ production.
Private saving =
Public saving =
Total saving is _____ investment.
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