Refer to the information provided in the figure at right to answer the question that follows. Suppose that the consumpti
Posted: Mon Apr 18, 2022 9:19 am
question that follows. Suppose that the consumption function is C = 400 +0.5Y, and taxes are $200 billion. At equilibrium, the value of autonomous consumption is O A $300 billion. OB. $200 billion, 3,000 AE O C. $400 billion. OD. $100 billion 2.000 1,500 1,000 45 1,000 2,000 4,000 Aggregate output (5 billions)
Refer to the information provided in the figure at right to answer the