The following equation characterizes a subset of an economy. 1. C=320+.95YD I = 50 G=75 T = 85 YD = Y-T The following eq

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The Following Equation Characterizes A Subset Of An Economy 1 C 320 95yd I 50 G 75 T 85 Yd Y T The Following Eq 1 (55.16 KiB) Viewed 21 times

The following equation characterizes a subset of an economy. 1. C=320+.95YD I = 50 G=75 T = 85 YD = Y-T The following equation characterizes another subset of the same economy. C=3560+.5YD I =50 G=75 T=85 YD=Y-T Verify (and show) that the equilibrium income is the same in each case. b) Draw a graph estimating subset I and II of the economy. Briefly describe leach: how are they different and why. Characterize those people in each subset in an economically meaningful way..(How are they meaningfully different). c). If you want to cause economic growth to occur, (and that is your only concern) who should the authorities aim a spending increase or tax cut? Why? II. a) TO D