given the information above solve for the equilibrium, Microeconomics

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given the information above solve for the equilibrium

Consider the following model:
C= 1500+MPC(Y-tY)
I=800
G=500
X-M=500+MPI(Y)
Where:
t=the (flat) tax rate
MPC=the marginal propensity to consume
MPI=the marginal propensity to import
Suppose MPC=.80, t=.25, MPI=.2

1. Given the information above solve for the equilibrium output

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Microeconomics: given the information above solve for the equilibrium

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Microeconomics: given the information above solve for the equilibrium

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Recent Questions Asked Microeconomics

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Ask an Expert for Answer!!

Microeconomics: given the information above solve for the equilibrium

Reference No:- TGS0568647

Recent Questions Asked Microeconomics

Q : Whats the difference between absolutism in 17th century

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