Order the answer to: You are given the following information about an economy: C

Best Writers business-economics Order the answer to: You are given the following information about an economy: C

business-economics

Order the answer to: You are given the following information about an economy: C

Question You are given the following information about an economy: C = 0.90DI I = 100 G= 540 (X- IM) = -40 T = -1?3 Y a. Find equilibrium GDP and the budget deficit. b. Suppose the government, unhappy with the budget deficit, decides to cut government spending by precisely the amount of the deficit you just found. What actually happens to GDP and the budget deficit, and why?
Subject business-economics
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