Chapter 12 Economic Policy with Floating Exchange Rates INTERNATIONAL MONETARY AND FINANCIAL ECONOMICS Third Edition Joseph P. Daniels David D. VanHoose.
When I = 0; C = 600.
C = 200 + 2/3 Y and Y = C + I C = 200 + 2/3 ( C + I ) = 200 + 2/3 C + 2/3 I
