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Business, 09.04.2020 08:56 graciemccain

C = 50 + 0.6(Y-T)

where T = taxes, set at 100 billion, and the remaining expenditures are given by I+ G (X-M)=350

1. Find the equilibrium value for real GDP
Please explain. I have been stick for hours.

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C = 50 + 0.6(Y-T)

where T = taxes, set at 100 billion, and the remaining expenditures ar...
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