Mathematics, 09.09.2021 22:00, musicqueen360
Suppose the saving and Investment function is given by:S = – 45 + 0.6Y and I = 70(i) What is the equilibrium level of National Income?(ii) What is the level of consumption at equilibrium level?(iii) If Investment increases to 120, what shall be the new equilibrium level of Income?(iv) What is the value of MPC?(v) What is the autonomous consumption?
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Suppose the saving and Investment function is given by:S = – 45 + 0.6Y and I = 70(i) What is the equ...
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