Chapter+10+sixth+edition - E=0.75Y 350 Equilibrium income...

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Chapter 10: The equilibrium level of income is 1300, as indicated in figure 10-8. c. If the government purchases increases to 125, then planned expenditure changes to
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Unformatted text preview: E=0.75Y+350. Equilibrium income increases to Y=1,400. Therefore, an...
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This document was uploaded on 10/26/2011 for the course ECON 330 at Rutgers.

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