Find a pair of values, Suppose the consumption equation is

Find a pair of values

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Reference no: EM13727919

Suppose the consumption equation is represented by the following: C = 200 + 0.75YD, that investment is fixed at 500 (I = 500), and that government expenditures (G) and taxes (T) are determined exogenously. Suppose the equilibrium output is 2,800. Find a pair of values of (G
and T) that are consistent with this equilibrium output?

Reference no: EM13727919

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