Use a Keynesian model to calculate the answer. Full employment output Investment Autonomous consumption The marginal propensity to consume = || = || = = 80 million 20 million 15 million 0,6 What will the equilibrium level of income be?

Macroeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter11: Fiscal Policy: The Keynesian View And Historical Development Of Macroeconomics
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Please solve and explain clearly. 

Use a Keynesian model to calculate
the answer.
Full
employment
output
Investment
Autonomous
consumption
The marginal
propensity to
consume
= 80
||
=
=
||
=
million
20
million
15
million
0,6
What will the equilibrium level of
income be?
Transcribed Image Text:Use a Keynesian model to calculate the answer. Full employment output Investment Autonomous consumption The marginal propensity to consume = 80 || = = || = million 20 million 15 million 0,6 What will the equilibrium level of income be?
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