In the keynesian cross the consumption function is


in the keynesian cross, the consumption function is c=200+0.75(Y-T). planned investment is 100, govt purchase and tax are both 100.

a)graph planned expenditure as a function of income.

b)what's the equilibrium level of income.

c) what level of government purchases is needed to achieve an income of 1,600?

Request for Solution File

Ask an Expert for Answer!!
Econometrics: In the keynesian cross the consumption function is
Reference No:- TGS0571643

Expected delivery within 24 Hours