by Dan | Oct 10, 2020 | Economics
The Kingdom of Elfwood (A closed Economy in the LR) has been battling to increase production of Candy but have not been able to succeed. Their economy can be expressed as: C = 400+0.60(Y-T) T = Y*0.8 G =4000 I = 750-100r Y=5000 It turns out that the King of Elfwood...
