how to read this function in word? (1)(2)(3)(4)y = I+C (expenditure),y = S+C (use of income).So in equilibrium I must equal S:I=f(i), f<0,S=f(y), f>0,

The value of final services and goods produced in an economy at a particular time period is known…

Answered: (1) (2) (3) (4) y = 1+C (expenditure),…

(1) (2) (3) (4) y = 1+C (expenditure), y = S+C (use of income). So in equilibrium I must equal S: I=f(i), f<0, S=f(y), f>0,

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

how to read this function in word?

(1)
(2)
(3)
(4)
y = I+C (expenditure),
y = S+C (use of income).
So in equilibrium I must equal S:
I=f(i), f<0,
S=f(y), f>0,

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