Suppose that the economy is characterised by the following behavioural equations: C=C0+c1Yd where C0=280
I=270
G=300
T=200
Marginal Propensity to Save (MPS) is 0,4 or 40% solve for:
a) equlibrium GDP(Y)
b) disposal income (Yd)
c) consumption spending(C)
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