Answer to Question #63289 in Macroeconomics for Aisha

Question #63289
Given a hypothetical consumption function of the form: Y = C + I0 + G0 C = α + β Where: = Y – T Y = Income T = Taxes and that: Compute the equilibrium level of income and consumption
1
Expert's answer
2016-11-17T11:47:09-0500
Y = α + β + (Y – T) + G0
Y = C
α + β + (Y – T) + G0 = α + β
Y = C = T – G0

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