Economics · Macroeconomics
Given: Saving function S = -20 + 0.2Y and autonomous investment I = Rs. 100 million. What is the equilibrium level of consumption?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 580 million
- 2Rs. 500 million✓
- 3Rs. 400 million
- 4Rs. 480 million
Correct answer
Rs. 500 million
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