EBK PRINCIPLES OF MACROECONOMICS
EBK PRINCIPLES OF MACROECONOMICS
12th Edition
ISBN: 9780134079592
Author: Oster
Publisher: YUZU
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Chapter 9, Problem 1.7P

Subpart (a):

To determine

Equilibrium.

Subpart (b):

To determine

Equilibrium.

Subpart (c):

To determine

Equilibrium.

Subpart (d):

To determine

Equilibrium.

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The following are exogenous (not directly affected by income): G = 9 I = 14 X = M = 0 The consumption function is: C = k + cY, where k = 8, c = 0.6 at the point where this economy is in equilibrium what is the total level of withdrawals?  Give the number to ONE decimal place.
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