Re: jnu 2011

Posted by anon_econ on May 17, 2012; 4:22pm
URL: http://discussion-forum.276.s1.nabble.com/jnu-2011-tp7503584p7564052.html

my doubt is still not cleared  
we got PY=4(1000+I) on the assumption that Y<full employment level of output (that's y v could make the substitution for P). now in question 21 how can we say PY=32000 when I=7000?? Aren't we using the relation which was derived on the very assumption that Y does not exceed 32000????
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