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Business, 26.03.2021 05:00 kaiyakunkle
Given the following model of the economy C = + YD I = G = T = Note: Answer all parts, a-k: a) What is the equilibrium value of Y? b) What is the value of autonomous consumption (c0)? c) What is the value of MPC? d) What is the value of MPS? e) What is the value of APC? f) What is the value of APS? g) Calculate private saving, public saving and national saving. h) Calculate the multiplier. i) What happens to the equilibrium value of Y if G increases by $150? j) What happens to the equilibrium value of Y if T increases by $150, and G remains at its original value of ? k) What happens to the equilibrium value of Y if both G & T increase by $150 from their original amounts? If your answer is not a whole number, round at 2 decimal places. If your answer is negative, enter a minus sign before the number. a) The equilibrium value of Y = $ nothing b) Autonomous consumption = $ nothing c) MPC = nothing d) MPS = nothing e) APC = nothing f) APS = nothing g) Private Saving = $ nothing Public Saving = $ nothing National Saving = $ nothing h) The multiplier = nothing i) The change in the equilibrium value of Y is $ nothing , and the new equilibrium value of Y = $ nothing
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Given the following model of the economy C = + YD I = G = T = Note: Answer all parts, a-k: a...
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