Find the equilibrium level of gdp, Macroeconomics

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Find the equilibrium level of gdp

Consider an economy described by the following sets of equations:

C = 120 + 0.80DI

I = 320

G = 480

(X-IM) = -80

T = 200 + 0.25y

Find the equilibrium level of GDP. Next find the multiplier for government purchases and fixed taxes. If full employment comes at y+1800, what are some policies that would move GDP to that level?

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Macroeconomics: Find the equilibrium level of gdp

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Macroeconomics: Find the equilibrium level of gdp

Reference No:- TGS065289

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

Q : What is the company''s warranty expense

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Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Find the equilibrium level of gdp

Reference No:- TGS065289

Recent Questions Asked Macroeconomics

Q : What is the company''s warranty expense

Q : What was jill grier beginning capital balance

Q : Problem on firm profit equation

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Q : Find the equilibrium level of gdp

Q : Find spot price follow the futures-spot parity condition

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