Find the level of savings for income equal to what

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Reference no: EM13192489

Definitions: C = level of consumer spending; Y = level of income; S = level of savings
1. Assume that C = 40 + .5Y.
a. Find the level of consumer spending and the level of savings for income equal to what?
c. What will be the equilibrium level of income when planned investment expenditure is equal to 60?

Reference no: EM13192489

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