need help to solve this macro economics problem

timer Asked: Oct 27th, 2015

Question description

I need help to solve this macro econ problem determine the equilibrium gdp in this economy. Draw this equilibrium on a properly labeled graph. Then use the multiplier approach to determine the change in equilibrium gdp that would result from an exogenous 20 billion dollar increase of government purchases. Finally, determine and explain the effects of this gdp change on equilibrium consumption, saving, and the government defict

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