Answer to Question #128818 in Macroeconomics for Samweli Andrew

Question

Suppose in an economy s=150 g=110 t= 40+0.2y x=50 m=30+0.1y multiplier=4 autonomous consumption =12.5% of the equilibrium income. Full employment level of income = 1000

assume the simple economy illustrate the current situation by using ad-as model/ graph and comment

now assume closed economy has the problem been corrected?

Answer 1

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