Solution-Find equilibrium output, It is not hard to solve

Find equilibrium output

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Reference no: EM131413239

It is not hard to solve if you set it up as a quadratic equation, then use the quadratic formula to solve for Y1/2, then solve for Y. There will be two possibilities for Y. Which one makes sense?

Find Y* (equilibrium output) from the following [Hint: Y=(Y1/2)2]:

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It is a mathematical problems of macroeconomic theory. The numerical problem deals how to find out equilibrium output from simultaneous equations. Quadratic equations formula is used to solve the problem.

Reference no: EM131413239

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Find equilibrium output

Reference no: EM131413239

Reference no: EM131413239

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