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You are given the following data concerning​ Freedonia, a legendary​ country: Consumption​ Function: C​ = 100 100 ​+ 0.8 0.8Y ​Investment: I​ = 300 300 Aggregate Expenditure​ Function: AE​ = C​ + I ​Equilibrium: AE​ = Y Calculate the​ following: a. The level of equilibrium​ income, Y​ = nothing . ​(Enter your response as an​ integer.)

Respuesta :

Answer: Y = 1400

Explanation:

AE = C+I

Y = 300 + 0.8Y

Y = 3000/2

C = 1200 + 200

C = 1400

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