find C at equilibrium Y, when Y=5500 and C =20+0.25Y
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Explanation:
2 Y = C + I 1 Whereas, C = C + b(Y) or Y = C + b(Y) + I 1 or Y = 200 + 0.75 (Y) + 6,000 1 or Y – 0.75Y = 6,200 or 0.25Y = 6,200 or Y ...
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