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Business, 28.11.2019 21:31 jasminali7956

Suppose that the government of ansonia is experiencing a large budget surplus with fixed government expenditures of g =200 and fixed taxes of t =150. both g and t are independent of income. assume that consumers of ansonia behave as described in the following consumption function. c =300+0.80(y−t)suppose further that investment spending is fixed at i = 200calculate the equilibrium level of gdp in ansonia. solve for equilibrium levels of y, c, and s

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