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The government budget is balanced with government purchases

An economy has the following consumption function:

C = 200 + 0.8DI

The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100. Investment is $600. Find equilibrium GDP. What is the multiplier for this economy? If G rises by $100, what happens to Y?

What happens to Y if both G and T rise by $100 at the same time?

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Macroeconomics: The government budget is balanced with government purchases

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: The government budget is balanced with government purchases

Reference No:- TGS0660053

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: The government budget is balanced with government purchases

Reference No:- TGS0660053

Recent Questions Asked Macroeconomics

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