Suppose that the economy is characterized by the following behavioural equations: • C = 300+ 0.3 Yd • I = 250+ 0.3 Y - 1,200i • G = 150 T = 200 d (M)ª . • ● = 2Y - 6,000i S (H)³ = 1,500 a) Identify or solve the following: • IS Relation • LM Relation • Equilibrium Real Output (Y) • Equilibrium Interest Rate (i) • Equilibrium Consumption (C) Equilibrium Investment (1)
Suppose that the economy is characterized by the following behavioural equations: • C = 300+ 0.3 Yd • I = 250+ 0.3 Y - 1,200i • G = 150 T = 200 d (M)ª . • ● = 2Y - 6,000i S (H)³ = 1,500 a) Identify or solve the following: • IS Relation • LM Relation • Equilibrium Real Output (Y) • Equilibrium Interest Rate (i) • Equilibrium Consumption (C) Equilibrium Investment (1)
Chapter1: Making Economics Decisions
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![Suppose that the economy is characterized by the following
behavioural equations:
• C = 300+ 0.3 Yd
I= 250+ 0.3 Y - 1,200i
• G = 150
•
T = 200
d
S
(³
=
2Y - 6,000i
= 1,500
a) Identify or solve the following:
• IS Relation
• LM Relation
• Equilibrium Real Output (Y)
• Equilibrium Interest Rate (i)
• Equilibrium Consumption (C)
• Equilibrium Investment (1)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff15b0d8d-215a-468b-94bf-43af1b74d1d1%2Fbacaf0ae-9f00-4f39-8b17-184d479027ab%2F8bbufsg_processed.png&w=3840&q=75)
Transcribed Image Text:Suppose that the economy is characterized by the following
behavioural equations:
• C = 300+ 0.3 Yd
I= 250+ 0.3 Y - 1,200i
• G = 150
•
T = 200
d
S
(³
=
2Y - 6,000i
= 1,500
a) Identify or solve the following:
• IS Relation
• LM Relation
• Equilibrium Real Output (Y)
• Equilibrium Interest Rate (i)
• Equilibrium Consumption (C)
• Equilibrium Investment (1)
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