Question 5/ 25If government spending decreased by $500. Given that c= 100+0.75y and the initial income is S5000, the new equilibrium income is:1. O$70002. Os16003. O$30004. Os6600

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Question 5/ 25 If government spending decreased by $500. Given that c= 100+0.75y and the initial income is $5000, the new equilibrium income is: 1. OS7000 2. Os1600 3. O$3000 4. Os6600

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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