Unformatted text preview: Y = C + I + G and then solve for Y .) b. Calculate the equilibrium level of 1. consumption, 2. private saving, 3. public saving, 4. and national saving. c. How much does equilibrium income decrease when G is reduced to 200? d. How much is the government purchases multiplier?...
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- Spring '10
- Macroeconomics, government spending, equilibrium income decrease