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Business, 27.02.2020 19:55 MeHelp101

Suppose that the economy is characterized by the following behavioral equations:

C= 170 + 0.7YD
I= 170
G= 150
T= 100

a. What does equilibrium output equal?
Y=?
b. What does total demand equal?

Z=?
c. Total demand is (greater than/equal to/ less than) production.

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Suppose that the economy is characterized by the following behavioral equations:

C= 170...
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