Given: C = 100 + 0.75Yd (where Yd = Y-T) I = 120-600i G = 200 T = 20 + 0.2Y Ms/P = 300 Md/P = 50+0.5Y-600i consumption

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter17: Making Decisions With Uncertainty
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Given: C = 100 + 0.75Yd (where Yd = Y-T)
I = 120-600i
G = 200
T = 20 + 0.2Y
Ms/P = 300
Md/P = 50+0.5Y-600i

consumption

 

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