Assume: C = 50 + 0.6 (Y - T)

question 6

Essay

Assume:
C = 50 + 0.6 (Y - T)
G = 15
I = 15
T = 2
(a) Calculate Y at equilibrium
(b) Calculate C
(c) Assume
EX = 4 + 3EP /P
IM = 8 + 0.1 (Y - T) - 2EP /P
E = 3
P = 1
P = 1.5
Find equilibrium Y.

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Definitions:

Demon Possession

The belief that individuals can be possessed or taken over by demonic entities, influencing their behaviors and thoughts.

Abnormal Behaviour

Behaviors that deviate significantly from what is considered typical or normal within a society or cultural context; this may include actions, thoughts, or feelings that are seen as dysfunctional or distressing.

Witchcraft

A practice involving magical skills and spells for various purposes, often connected with religious, ritualistic, healing, or malicious activities.

Divine Punishment

The concept of a deity or god administering punitive actions towards individuals or societies to correct wrongdoing or enforce moral standards.