Exam (elaborations)
ECON 104 HOMEWORK 6 QUESTIONS AND ANSWERS | 100% CORRECT
- Institution
- Pennsylvania State University - All Campuses
ECON 104 HOMEWORK 6 QUESTIONS AND ANSWERS Consider the following model i) C = 1500 mpc (Y - tY) ii) I = 800 iii) G = 500 iv) X - M = 500 - mpi (Y) where: t = the (flat) tax rate mpc = the marginal propensity to consume mpi = the marginal propensity to import suppose mpc = .80, t = .25, mpi = .2 Giv...
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