Consider an economy described by the following: T = $3 trillion = $1.3 trillion G = $3 trillion T = $3 trillion NX = $-1 tillion 7 = 1 mpc 0.8 d = 0.3 x = 0.2 2 = 1.5 i = 1.5 The expression for the MP curve is: O A. T=3+ 1.5x. O B. T=1.5 + 0.8r. c. ř= 1.5+ 1.5. O D. ř=3 + 0.8r. The expression for the AD curve is: O A. Y=11-3.75x. в. У-14.25-3.75я. Ос. У314.25- 1.3л. O D. Y=11-1.3x. Assume that z = 1. The real interest rate is 3.00 %. (Round your response to two decimal places.) The equilibrium level of output is $ trillion. (Round your response to two decimal places.)
Consider an economy described by the following: T = $3 trillion = $1.3 trillion G = $3 trillion T = $3 trillion NX = $-1 tillion 7 = 1 mpc 0.8 d = 0.3 x = 0.2 2 = 1.5 i = 1.5 The expression for the MP curve is: O A. T=3+ 1.5x. O B. T=1.5 + 0.8r. c. ř= 1.5+ 1.5. O D. ř=3 + 0.8r. The expression for the AD curve is: O A. Y=11-3.75x. в. У-14.25-3.75я. Ос. У314.25- 1.3л. O D. Y=11-1.3x. Assume that z = 1. The real interest rate is 3.00 %. (Round your response to two decimal places.) The equilibrium level of output is $ trillion. (Round your response to two decimal places.)
Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?
Section9.A: The Simple Algebra Of Income Determination And The Multiplier
Problem 4TY
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E2
![Consider an economy described by the following:
T = $3 trillion
= $1.3 trillion
G = $3 trillion
T = $3 trillion
NX = $-1 tillion
7 = 1
0.8
трс
d = 0.3
x = 0.2
2 = 1.5
i- 1.5
The expression for the MP curve is:
O A. T=3+ 1.5x.
O B. T=1.5+ 0.8r.
c. ř= 1.5+ 1.5.
O D. ř=3 + 0.8r.
The expression for the AD curve is:
O A. Y=11-3.75.
B. Y= 14.25 - 3.75x.
OC. Y= 14.25 – 1.37.
O D. Y=11-1.3x.
Assume that z = 1. The real interest rate is 3.00 %. (Round your response to two decimal places.)
The equilibrium level of output is $ trillion. (Round your response to two decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7322e2a6-8890-4a27-81c0-efa760af7bb6%2Ff27dde82-ec39-4709-b9db-01739151ecde%2Fkrhkzv_processed.png&w=3840&q=75)
Transcribed Image Text:Consider an economy described by the following:
T = $3 trillion
= $1.3 trillion
G = $3 trillion
T = $3 trillion
NX = $-1 tillion
7 = 1
0.8
трс
d = 0.3
x = 0.2
2 = 1.5
i- 1.5
The expression for the MP curve is:
O A. T=3+ 1.5x.
O B. T=1.5+ 0.8r.
c. ř= 1.5+ 1.5.
O D. ř=3 + 0.8r.
The expression for the AD curve is:
O A. Y=11-3.75.
B. Y= 14.25 - 3.75x.
OC. Y= 14.25 – 1.37.
O D. Y=11-1.3x.
Assume that z = 1. The real interest rate is 3.00 %. (Round your response to two decimal places.)
The equilibrium level of output is $ trillion. (Round your response to two decimal places.)
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