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ECO - What is the value of the MPC in this model

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Question

Question;Consider the following model of the economy:C = 50 + 0.60 (Y ? T)I = 380G = 400T = 0.20YY = C + I + Ga. What is the value of the MPC in this model?b. Compute the equilibrium level of income

 

Paper#57587 | Written in 18-Jul-2015

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