Math, asked by ishikaawana9029, 3 months ago

In an economy, autonomous consumption is * 220 lakh and marginal propensity tosave is 0.4. If the equilibrium level of income is 1700 lakh, then investmentexpenditure of this economy will be 3 400 lakh. True or False? Justify your answer bycalculation, 01 OR​

Answers

Answered by babitatomar0786
3

Answer:

Equilibrium=300 As given of 400 is greater than equilibrium level of income the economy is not equilibrium It is situation where AD is greater than aggregate output produced in the economy

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