looking for step by step help with the following question please: (see attached picture). Desired consumption and investment areCa = 4000 – 4000r + 0.20Y1d = 2400 – 4000r%Dwhere Y is output and r is the real interest rate. Government purchases is G= 2000.%3DIf the equation for the IS curve is given by r = b1+b,Y, what is the value of b1? Round your answer to at least 2 decimal places.

At equilibrium, Y=C+I+G where Y is the output, C is the consumption, I is the investment, and G is…

Desired consumption and investment are C° = 4000 – 4000r + 0.2OY 1d = 2400 – 4000r where Y is output and r is the real interest rate. Government purchases is G=2000. If the equation for the IS curve is given by r =b,+b,Y, what is the value of b1? Round your answer to at least 2 decimal places.

Desired consumption and investment are C° = 4000 – 4000r + 0.2OY 1d = 2400 – 4000r where Y is output and r is the real interest rate. Government purchases is G=2000. If the equation for the IS curve is given by r =b,+b,Y, what is the value of b1? Round your answer to at least 2 decimal places.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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looking for step by step help with the following question please: (see attached picture).

Desired consumption and investment are
Ca = 4000 – 4000r + 0.20Y
1d = 2400 – 4000r
%D
where Y is output and r is the real interest rate. Government purchases is G= 2000.
%3D
If the equation for the IS curve is given by r = b1+b,Y, what is the value of b1? Round your answer to at least 2 decimal places.

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