I have been given this question to do but don't have the slightest clue how to do it... any help would be great!
An economy is specified by the equation:
C= 516+0.75 d (Consumption expenditure)
T= 72(Lump sum direct taxation)
I= 120 (investment expentiure)
G=80 (governent spending on g+s)
Find the Equilibrium?
economics question Watch
- Thread Starter
- 12-05-2013 00:10
- 14-05-2013 17:22
I sthis a university level question or AS? If AS im guessibg its injections - minus withdrawals to find the equilibrium. i.e. investment, government expenditure and exports minus taxation, saving and imports?
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