Write the numerical formula for the is curve, Microeconomics

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Write the numerical formula for the is curve

Suppose the economy is represented by the following equations:

Md/P = 6Y - 120r Ms/P = 5,400
C = 180 + 0.7(Y-T) I = 100 - 18r + 0.1Y T = 400 G = 400
Y = C + I + G

a. Write the numerical formula for the IS curve?
b. Write the numerical formula for the LM curve?
a. What is the equilibrium level of r?
b. What is the equilibrium Y?
c. What is the value of consumption?
d. What is the value of Investment?
e. What is the level of real Money Demand?

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Microeconomics: Write the numerical formula for the is curve

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Microeconomics: Write the numerical formula for the is curve

Reference No:- TGS042742

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Ask an Expert for Answer!!

Microeconomics: Write the numerical formula for the is curve

Reference No:- TGS042742

Recent Questions Asked Microeconomics

Q : Percent-of-sales method of financial forecasting

Q : What amount is deductible using standard mileage method

Q : Increasing minimum wage result in decrease in employment

Q : Refuse to update the product costing system

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