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Consider the following economy
C=1000+0.6Yd
G=220
T=200
I=500
A. Find the government budget deficit or surplus
B. Find the Z line
C. Calculate the Equilibrium level (Y)
D. Calculate the equilibrium level of disposable Income (Yd)
E. Calculate the level of Consumption (C) in equilibrium
F. Show the Z line and the Equilibrium level of Y on your graph
A demand curve shows the relationship between:
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