Consider a simple economy that produces only apples. The following table contains information on the economy's output, money supply, velocity of money, and price level. For example, in 2015, the money supply was €300, the price of an apple was €7.50, and the economy produced 800 apples. Fill in the table, and use it to answer the following questions. 2015 2016 Quantity of Money €300 €336 Velocity of Money 20 20 Price Level €7.50 Quantity of Output 800 800

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Q: onsider an economy with the following information: Y = C + I + G, C=180+0.7( Y-T), I= 100-18i + 0.1…

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A: Answer: Introduction: Therefore Y = 800-12i

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A: Answer to the question is given by :

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Q: Consider the following open economy: C = 40 + 0.85x YD I = 1500 G = 1600 X = 240 M = 0.12x Y TR = 10…

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