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In a two-sector economy, the consumption function is equal to 8 + 0.7Y and autonomous inve

In a two-sector economy, the consumption function is equal to 8 + 0.7Y and autonomous investment is equal to 22. The equilibrium level of income in the economy is


[A]21
[B]30
[C]43
[D]100

Jan 09 2018 View more View Less

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