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Describing a closed economywith no government

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Reference no: EM131278121

Consider the following information describing a closed economywith no government:

1. equilibrium condition is Y = C + I

2. MPS = 0.25

3. the autonomous part of C is $30

4. Investment is autonomous and equals $40

At the equilibrium level of nationalincome, consumption expenditure will be?

Reference no: EM131278121

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