4. The change in equilibrium output corresponding to an simultaneous increase in government spending and tax by 100

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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An open-economy is characterized by the following:
C = 750 +0.8 (Y-T)
$$1-1500$$
G = 250
T = 200
X = 800
M = 0.4Y
Transcribed Image Text:An open-economy is characterized by the following: C = 750 +0.8 (Y-T) $$1-1500$$ G = 250 T = 200 X = 800 M = 0.4Y
4.
to an
The change in equilibrium output corresponding
simultaneous increase in government spending and
tax by 100
Transcribed Image Text:4. to an The change in equilibrium output corresponding simultaneous increase in government spending and tax by 100
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