Consider the following IS-LM model: C = 201 +0.48YD /= 140+0.18Y-1,187/ G = 306 T = 245 i = 0.06 The IS equation is determined to be Y= 1,557.06-3,491.18/. The LM equation is given as i = 0.06. Using the IS and LM equations, the equilibrium real output, Y, is. (Round your response to the nearest integer.) Using the IS-LM model, the equilibrium value of consumption, C, is. (Round your response to the nearest integer.) Using the IS-LM model, the equilibrium value of Investment, /, is (Round your response to the nearest integer.) Using your answers above, determine the value of C + / + G to confirm the value found above for Y. C+I+G = (Round your response to the nearest integer.)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Consider the following IS-LM model:
C = 201 +0.48YD
/=
140+0.18Y-1,187/
G = 306
T = 245
i = 0.06
The IS equation is determined to be Y= 1,557.06-3,491.18/.
The LM equation is given as i = 0.06.
Using the IS and LM equations, the equilibrium real output, Y, is. (Round your response to the nearest integer.)
Using the IS-LM model, the equilibrium value of consumption, C, is. (Round your response to the nearest integer.)
Using the IS-LM model, the equilibrium value of Investment, /, is (Round your response to the nearest integer.)
Using your answers above, determine the value of C +/+ G to confirm the value found above for Y.
C+I+G = (Round your response to the nearest integer.)
Transcribed Image Text:Consider the following IS-LM model: C = 201 +0.48YD /= 140+0.18Y-1,187/ G = 306 T = 245 i = 0.06 The IS equation is determined to be Y= 1,557.06-3,491.18/. The LM equation is given as i = 0.06. Using the IS and LM equations, the equilibrium real output, Y, is. (Round your response to the nearest integer.) Using the IS-LM model, the equilibrium value of consumption, C, is. (Round your response to the nearest integer.) Using the IS-LM model, the equilibrium value of Investment, /, is (Round your response to the nearest integer.) Using your answers above, determine the value of C +/+ G to confirm the value found above for Y. C+I+G = (Round your response to the nearest integer.)
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