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QUESTION
consumption C = 50+ 0.
question 1 refer to the information in the table
For the Simple Keynesian/Keynesian cross model, for:
r=0
(i) use the relevant set of equations to solve for equilibrium level of income. What is the equilibrium level of consumption? Graphically illustrate
(ii) what happens if planned investment exceeds 150? Is less than 150? Illustrate and explain
(iii) Given:
