Posted by: iamme December 15, 2005
for the economists ;)
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simple economy--------- no govt and no foreign sector involved. hence GPD=NI=PI=DI=C+I GDP=300 C=260 Planned invvestment=50 Unplanned=-10 Marginal Propensity to Consume(MPC)=0.5 WHta is the equlibrium level of GDP??? any help will be greatly appreciated..:)
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