Usually i can do these types of problems, but I seem to be missing a bit of information (price of taxes)...but maybe i just don't know how to figure these problems out. (My teacher is a real crack job, he's horrible at teaching, I've pretty much had to teach everything to myself) So if anyone could help me that'd be great. here's the problem:
If autonomous consumption is $2 trillion, investment spending plus government purchases plus net exports is also $2trillion, and the MPC is .75, compute equilibirum income.
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