Calculate the equilibrium level of gdp of s and v

Reference no: EM13239050

With fixed government expenditures of G = 150 and fixed taxes of of T= 200. Assume that that consumers behave as described in the following consumption function:
C= 150 + .75(Y-T)

Suppose further that investment spending is fixed at 100. Calculate the equilibrium level of GDP. Solve for equilibrium levels of Y, C, and S

Reference no: EM13239050

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