Given the following: C = 150 + 0.25Y4 = 150 + 0.25(Y – T) I = 300 G = 450 T = 250 Solve for the values of equilibrium output, (equilibrium) consumption, and (equilibrium) disposable income. Do not round off values in your solutions. Round-off all final answers to 4 decimal places and key them into the text boxes below. Equilibrium Output (Y*) is equal to 3350 The consumption level corresponding to equilibrium output (C*) is equal to The level of disposable income corresponding to equilibrium output (Y;) is equal to

Given the following: C = 150 + 0.25Y4 = 150 + 0.25(Y – T) I = 300 G = 450 T = 250 Solve for the values of equilibrium output, (equilibrium) consumption, and (equilibrium) disposable income. Do not round off values in your solutions. Round-off all final answers to 4 decimal places and key them into the text boxes below. Equilibrium Output (Y) is equal to 3350 The consumption level corresponding to equilibrium output (C) is equal to The level of disposable income corresponding to equilibrium output (Y;) is equal to

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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