What level of t must be set to achieve the goal

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Reference no: EM13159509

Assume that the consumption function is given by C=200+0.5(Y-T), I=800, G=300, and T=200.

Calculate the equilibrium Y.

How much is consumption?

Suppose the government wants to achieve a level of Y=2,000. What level of T must be set to achieve the goal? Where C=200+0.5(Y-T), I=800, and G=300

Reference no: EM13159509

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