Business, 22.04.2020 03:59 Atromity

Where Y is GDP, C is consumption, I is investment, G is government purchases, T is taxes, and r is the interest rate. If the economy were at full employment (that is, at the natural rate of output), GDP would be $1,400. Identify the equation(s) each of the following statements describes. Check all that apply.
a. It is an autonomous amount, independent of other factors.
b. It is a function of disposable income.
c. It depends on the interest rate.

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Where Y is GDP, C is consumption, I is investment, G is government purchases, T is taxes, and r is t...