Find out the keynesian equilibrium in the economy

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Reference no: EM13246353

According to Keynes,equilibrium analysis can also be done using the injections leakages approach i-e when withdrawals or leakages (W) are equal toinjections (J) in the economy. Keeping in view this notion, assume that Investment (I) = 100, Savings (S) = 120, Exports (X) = 40, Imports(M) = 30, Taxes (T) = 40, Government Expenditures (G) = 50

a. Point out the leakages and injections functions.

b. Find out the Keynesian equilibrium (W=J) in the economy.

Reference no: EM13246353

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