# Answer to Question #63342 in Macroeconomics for dennis

Question #63342

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

Y = C + I0 + G0

C = α + β

Where: = Y – T

Y = Income

T = Taxes and that:

Compute the equilibrium level of income and consumption

Expert's answer

The equilibrium level of income and consumption is described with the formula: C + I0 + G0=α + β

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