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.)

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

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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