An economy is described using the following equa C=210+ 0.15 (Y-T) 1=225 G=185 NX=-30 T=110 Y = 700 Find the total level of unemployment at Y. Assume the NRU (natural rate of unemployment) = 5% O 6.81% O 5.95% O 3.19% O 1.53%

An economy is described using the following equa C=210+ 0.15 (Y-T) 1=225 G=185 NX=-30 T=110 Y = 700 Find the total level of unemployment at Y. Assume the NRU (natural rate of unemployment) = 5% O 6.81% O 5.95% O 3.19% O 1.53%

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

An economy is described using the following equation.
C=210+0.15 (Y-T)
1 = 225
G=185
NX=-30
T=110
Y* = 700
Find the total level of unemployment at Y.
Assume the NRU (natural rate of unemployment) = 5%
O 6.81%
O 5.95%
O3.19%
O 1.53%

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