Suppose that the economy is characterized by the following behavioral equations:
C=180+0.75yd
I= 100
G = 190
T= 120
What's the consumption spending?
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Please provide the following answers (round response to nearest
two decimals):
1. Equilibrium GDP(Y)
2. Disposable Income (YD)
3. Consumption spending (C)
Suppose that the economy is characterized by the following behavioral equations: C = 180 + 0.70YD 1 = 190 G = 120 T = 100
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