On the planet omicron persei 8 government spending is 1000

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On the planet Omicron Persei 8, government spending is $1000, net taxes are $1200, as well as planned investment is $1400. Consumers spend according to the equation C = 100 + 0.8Yd, where Yd represents disposable income. Given this information, fill out the table below to determine which of the output levels represents a macroeconomic equilibrium, and then answer the questions that follow.

Reference no: EM13353560

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