In an economy, C = 300 + 0.8 Y and I= 500 .. Calculate the following : ( i) Equilibrium level of income (ii) Consumption expenditure at equilibrium le
In an economy, C = 300 + 0.8 Y and I= 500 .. Calculate the following :
( i) Equilibrium level of income
(ii) Consumption expenditure at equilibrium level of income.
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