Answer to Question #71575 in Macroeconomics for aafia shafi
calculate the level of autonomuous expenditure,equilibrium income,consumption ,total taxes and multiplier
Autonomous expenditure AE0 = C0 + I0 + G0,
equilibrium income Y = C + I + G,
consumption C = C0 + mpc*Y,
total taxes T = t*Y,
multiplier m = 1/mpc.
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