logo

Crowdly

Browser

Add to Chrome

Suppose that the South African economy is depicted by the following information:...

✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.

Suppose that the South African economy is depicted by the following information:

Y = 10 000

S = -250 + 0.65Y

I = 500

G = 1 100

Z (autonomous) = 200

X (autonomous) = 300

m=0,13

Which of the following is correct?

i. The multiplier in the economy is 1.282.

ii. The equilibrium level of income is 3 436.95.

iii. The equilibrium level of income is 2 499.90.

iv. The multiplier in the economy is 2.083.
0%
0%
0%
0%
More questions like this

Want instant access to all verified answers on mymodules.dtls.unisa.ac.za?

Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!

Browser

Add to Chrome