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In the Keynesian cross, assume that the consumption function is given by C= 200+0.75(Y-T). Planned investment is 100 government. a. Graph planned expenditure as a function of income. b. What is the equilibrium level of income. c. If government purchases increase to 125, what is new equilibrium income? d. what level of government purchases is needed to achieve an income of 1600? for Economics 2024 is part of Economics preparation. The Question and answers have been prepared according to the Economics exam syllabus. Information about In the Keynesian cross, assume that the consumption function is given by C= 200+0.75(Y-T). Planned investment is 100 government. a. Graph planned expenditure as a function of income. b. What is the equilibrium level of income. c. If government purchases increase to 125, what is new equilibrium income? d. what level of government purchases is needed to achieve an income of 1600? covers all topics & solutions for Economics 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the Keynesian cross, assume that the consumption function is given by C= 200+0.75(Y-T). Planned investment is 100 government. a. Graph planned expenditure as a function of income. b. What is the equilibrium level of income. c. If government purchases increase to 125, what is new equilibrium income? d. what level of government purchases is needed to achieve an income of 1600?.

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