Business, 15.04.2021 17:50, nikkierubio2007

The following equations describe the economy. C = 90+ 0.9 Y
I= 200- 1000 i
L-Y- 10000 1
There is 33 percent proportional income tax. Government expenditure equals $710. The
real money supply equals $500.
a. What are the initial values of investment and the budget?
b. How large a change in money supply would give the government a balanced budget?

Answers: 2

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The following equations describe the economy. C = 90+ 0.9 Y
I= 200- 1000 i
L-Y- 10000 1