Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
Suppose you are given the following information for an economy without government spending, exports,
or imports. C is desired consumption, I is desired investment, and Y is income. C and I are given by:
C = 1300 + 0.85Y
I = 450
2. Consider the simplest macro model with demand-determined output.
The equations are:
C = 150 + 0.8Yd, Yd = Y-T,
I = 400, G = 700,
T = .2Y, X = 130, and
IM = 0.14Y.
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