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What happens to the equilibrium value of y

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Reference no: EM132406008

Given the following model of the economy

C? = 13728 ?+ 0.8YD

I? = 6556

G? = 9348

T? = 9615

?a) What is the equilibrium value of? Y?

?b) What is the value of autonomous consumption ?(c0?)?

?c) What is the value of? MPC?

?d) What is the value of? MPS?

?e) What is the value of? APC?

?f) What is the value of? APS?

?g) Calculate private? saving, public saving and national saving.

?h) Calculate the multiplier.

?i) What happens to the equilibrium value of Y if G increases by? $150?

?j) What happens to the equilibrium value of Y if T increases by? $150, and G remains at its original value of 9348?

?k) What happens to the equilibrium value of Y if both G? & T increase by? $150 from their original? amounts?

Reference no: EM132406008

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