Economics Question! C= .75Y, 20% Income Tax, Investments= 60 and Government...

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Kayleigh

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...Expenditures= 100? a.What is the aggregate expenditures equation? Identify its slope and y-intercept.





b.What is the equilibrium value of income, Y*? Show your derivation.







c.Is the government running a surplus, deficit, or balance budget? Prove!






d.What is the value of the multiplier? Show work!
 
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