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Business, 06.06.2020 16:59 addisynshepherd

In the Keynesian cross model, assume that the consumption function is given by C=$105+0.7(Y−T) Planned investment is $150; government purchases and taxes are both $150. c. If government purchases increase to $215, what is the new equilibrium income? What is the multiplier for government purchases? new Y = $ multiplier:

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In the Keynesian cross model, assume that the consumption function is given by C=$105+0.7(Y−T) Plann...
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