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
1
Expert's answer
2016-11-15T09:52:09-0500
The equilibrium level of income and consumption is described with the formula: C + I0 + G0=α + β

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