Posted: August 2nd, 2015
Assume long run equilibrium exists. T=1020 (T G)= 0 C=3180 I=580 S=580 U=0 suppose consumer spending decreases by $80 due to loss in household wealth. Assume the Keynsesian macroeconomic position. What are the new equilibrium values of real GDP and real interest rate
Assume long run equilibrium exists. T=1020 (T G)= 0 C=3180 I=580 S=580 U=0 suppose consumer spending decreases by $80 due to loss in household wealth. Assume the Keynsesian macroeconomic position. What are the new equilibrium values of real GDP and real interest rate
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