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What is the actual equilibrium level of income

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Question: In a hypothetical economy which is initially in equilibrium, the consumption function is: C 100 + 0.8Y where C denotes consumption and Y income. The level of investment is 100. Why is 600 not an equilibrium level of income? What is the actual equilibrium level of income? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132180530

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