Economy, asked by wilondjaeliana, 4 months ago

In a closed economy with no government intervention, the following information is
provided.
C = 5000 + 0.8Y
Autonomous investment is constant at 3000 units. Induced investment is given by the
equation I = 0.1Y
i) At what level of income will S = I?
ii) Suppose that autonomous investment was to increase by 2000 units. At what level
of income would S = I?

Answers

Answered by snehabharadwaj834

Explanation:

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