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Unformatted text preview: Suppose X Rises by 10 Y Spending 45-degree line 100 + 0.8Y Equilibrium when 110 + 0.8Y = Y 110 = (1 – 0.8)Y = 0.2 Y 550 = Y 110 + 0.8Y Change in X = 10 Y rise by 50, from 500 to 550...
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This note was uploaded on 03/10/2010 for the course ECON 2 taught by Professor Taylor during the Fall '09 term at Georgetown KY.
- Fall '09