The consumption function in a macroeconomy is C=100+.80 Yd, where Yd=disposable income and the equilibrium aggregate inc
Posted: Wed Jul 06, 2022 6:22 pm
The consumption function in a macroeconomy is C=100+.80 Yd, where Yd=disposable income and the equilibrium aggregate income (Yeq) = 1000. Which of the ff. 3 statements about money supply is TRUE? [Select] If Government expenditure (G), increases by P100 billion, by how much will Yeq change? [Select] If Government decreases tax by P100 billion, what is the new Yeq? [Select]