Table 11-1
Y =
C + I + G
C =
500 + 0.8(Y?T)
I =
300
G =
700
T =
0.25Y
Refer to Table 11-1. What is the equilibrium level of income in this model?
A. 5,000
B. 4,500
C. 3,750
D. 3,500
E. 3,250
Answer: C
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