Y = 100 + 0.8 Y + 100
k = 10 The change in the equilibrium level of income can be calculated using the formula: Y = 100 + 0
Δ Y = 125 The equilibrium level of income can be calculated using the formula: the MPC is 0.9.
k = 0.1 1
Given the consumption function C = 200 + 0.9Y, the MPC is 0.9. Y = 100 + 0