If consumption is given by C = 300 + .6 (Y-T)and I = 300 - 40r,the IS curve is
A)Y = 600 - 2.4T - 40r + G.
B)Y = 600 + .6Y -100r - G
C)Y = 1500 - 1.5T - 100r + 2.5G
D)Y = 1500 + .6T - 100r - G
E)none of the above.

Question

Quizplus · Accepted Answer

The Answer of If consumption is given by C = 300 + .6 (Y-T)and I = 300 - 40r,the IS curve is
A)Y = 600 - 2.4T - 40r + G.
B)Y = 600 + .6Y -100r - G
C)Y = 1500 - 1.5T - 100r + 2.5G
D)Y = 1500 + .6T - 100r - G
E)none of the above.

If Consumption Is Given by C = 300