Hey
this was from the 2003 hsc paperm, and i just dont know how to get the answer
the answer is 700, but i have no idea how they got it
Q. What is the equilibrium level of income if C=100 + 0.8Y and I = 40
a) 100
b) 140
c) 500
d) 700
Thank you
this was from the 2003 hsc paperm, and i just dont know how to get the answer
the answer is 700, but i have no idea how they got it
Q. What is the equilibrium level of income if C=100 + 0.8Y and I = 40
a) 100
b) 140
c) 500
d) 700
Thank you