Description
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
$30.00 $20.00
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