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Business, 03.12.2019 03:20 lagarde

In a private closed economy, (a) the marginal propensity to save is 0.25, (b) consumption equals income at $120 billion, and (c) the level of investment is $40 billion. what is the equilibrium level of income?

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In a private closed economy, (a) the marginal propensity to save is 0.25, (b) consumption equals inc...
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