63 044
Assignments Done
99,1%
Successfully Done
In July 2018

Answer to Question #53145 in Other Programming & Computer Science for Godvictor

Question #53145
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
Expert's answer
Answer on Question #53145, Programming / Other

If Y = C + I0 + G0, C = α + β(Y - T),
then the equilibrium level of income will be Y = α + β(Y - T) = I0 + G0 and consumption C = α + β(Y - T) = Y - I0 - G0

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions