Consider this following description of a closed economy:C = 150 +0.75 (Y-T)1 = 90 - 30rM/P = Y - 100rG = 220T = 80M = 2700P = 3Solve for the equilibrium interest rate r*.a. -1O b. 1O c. 5O d. -2.5

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MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Assume that an open economy with a floating exchange rate is described by the equations:C = 0.5(Y-T)T= 1000I= 1500 -250rG= 1500NX= 1000 – 250e(M/P)d = 0.5Y – 500rM= 1000S-I= 500 – 250rP= 2r* = 1 a. Solve for NX and e. b. Using the information from parts a. to be part d. above, graphically illustrate on aclearly labelled diagram, the short-run impact of contractionary fiscal policy on theexchange rate and level of output in this small open economy.c. Assuming that the economy adopted a fixed exchange rate system, illustrate on aclearly labelled diagram, the impact of contractionary fiscal policy.
b. Find the equilibrium quantity.
Example: A tank initially contains 800 gallons of fresh water. Water containing 1/2 lb/gal of salt flows into the tank with the rate 6 gal/min and the well stirred mixture flows out at the rate of 2 gal/min. Write the initial value problem for Q(t), the amount of salt in pounds in the tank.
D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, and S(x) is the price, in dollars per unit, that producers are willing to accept for x units. D(x) = e X+2 S(x) = e x-6 a) Find the equilibrium point. b) Find the consumer surplus at the equilibrium point. c) Find the producer surplus at the equilibrium point. a) What are the coordinates of the equilibrium point? (Type an ordered pair. Round each coordinate to the nearest hundredth as needed. Do not include the $ symbol in your answer)
Question 11 of 18 A sample of 10 drivers shows the time that they spent (in minutes) stopped in rush-hour traffic on a specific snowy day last winter. Round your answers to one decimal place. 65 45 62 60 53 75 53 55 54 74 Download data Part 1 Find the range. The range is

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Consider this following description of a closed economy: C = 150 +0.75 (Y-T) 1 = 90 - 30r M/P = Y - 100r G = 220 T = 80 M = 2700 P = 3 Solve for the equilibrium interest rate r*.