Assume:
C = 50 + 0.6 (Y - T)
G = 15
I = 15
T = 2
(a)Calculate Y at equilibrium
(b)Calculate C
(c)Assume
EX = 4 + 3EP /P
IM = 8 + 0.1 (Y - T)- 2EP /P
E = 3
P = 1
P = 1.5
Find equilibrium Y.

Question

Assume:
C = 50 + 0.6 (Y - T)
G = 15
I = 15
T = 2
(a)Calculate Y at equilibrium
(b)Calculate C
(c)Assume
EX = 4 + 3EP  /P
IM = 8 + 0.1 (Y - T)- 2EP  /P
E = 3
P  = 1
P = 1.5
Find equilibrium Y.

Quizplus · Accepted Answer

The Answer of Assume:
C = 50 + 0.6 (Y - T)
G = 15
I = 15
T = 2
(a)Calculate Y at equilibrium
(b)Calculate C
(c)Assume
EX = 4 + 3EP  /P
IM = 8 + 0.1 (Y - T)- 2EP  /P
E = 3
P  = 1
P = 1.5
Find equilibrium Y.

Assume: C = 50 + 0.6 (Y - T)