ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
An economy is described by the following equations:
C= 2,000 + 0.75 (Y – T)
Ip= 900
G= 2,000
NX= 200
T= 2,000
Y*= 15,000
What is the Autonomous expenditure in the economy?
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