Solved: Consider a national income model with the following, Microeconomics

Consider a national income model with the following

Consider a national income model with the following consumption, investment, and tax functions

C = 55 + 0.85YD
T = 20 + 0.05Y
I = 10 + 0.1Y - 8r

where r is given as 6 % and G0 = 100.

(a) Find the equilibrium national income, consumption, investment, and tax.

(b) What is the numerical values of the multipliers?

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Microeconomics: Consider a national income model with the following

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Microeconomics: Consider a national income model with the following

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