Answer to Question #37423 in Macroeconomics for Kithma

Question

consider the following hypothetical economy and answer the questions
C=100+0.8Yd
G=100
T=0.25Y
X=150
M=0.2Yd

What is the level of equilibrium national income?
Estimate the budget surplus or deficit at the equilibrium national income?
Derive the saving function.Interpret your answer
Define the income multiplier (=k)

Answer 1

Dear visitor.
Unfortunately, your question requires a lot of work and cannot be done for free. Please submit it with all requirements as an assignment to our control panel and we'll assist you.