Assume that the economy is described by the following equations: Y=C+l+G, Y=8490, G-2719, T=2056, C-258+ 1/2(Y-T), I=400 + 40r. Private saving and the equilibrium interest rate are O Private saving: 2959; The interest rate: 47.A O Private saving: 2296; The interest rate: 23.7 O Private saving: 2296; The interest rate: 47.4 O Private saving 2959; The interest rate: 23.7

Assume that the economy is described by the following equations: Y=C+l+G, Y=8490, G-2719, T=2056, C-258+ 1/2(Y-T), I=400 + 40r. Private saving and the equilibrium interest rate are O Private saving: 2959; The interest rate: 47.A O Private saving: 2296; The interest rate: 23.7 O Private saving: 2296; The interest rate: 47.4 O Private saving 2959; The interest rate: 23.7

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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