Show what is the equilibrium level of output

Assignment Help Macroeconomics
Reference no: EM13123645

Suppose in a closed economy, government spending is $60, business investments are $120 and consumers' spending is given as C = 120 + 0.85Y. What is the equilibrium level of output?

Reference no: EM13123645

Questions Cloud

Explain how much interest income will she report this year : Given that she will not actually receive any interest payments until the bond matures in 10 years, explain how much interest income will she report this year assuming semiannual compounding of interest?
Direct labor efficiency variance problem : Yola Company manufactures a product with standards for direct labor of 4 direct labor-hours per unit at a cost of $12.00 per direct labor-hour. During June, 1,000 units were produced using 4,100 hours at $12.20 per hour. The direct labor efficienc..
Lesson plan on objective: to learn : Now write a lesson plan for a 45-minute-long lesson with one of the objectives below. (Min 200 words)Objective: to learn and practise the vocabulary of hobbies and to revise adverbs of frequency.
Calculating production and material consumption rates : Calculating Production and Material Consumption Rates, The Ottawa Coat company manufactures winter coats and spring jackets. The winter coat requires 4m of material while the spring jacket requires just 1m
Show what is the equilibrium level of output : Suppose in a closed economy, government spending is $60, business investments are $120 and consumers' spending is given as C = 120 + 0.85Y. What is the equilibrium level of output?
Explain how can swaps be used to offset the risk : A bank finds that its assets are not matched with its liabilities. It is taking floating-rate deposits and making fixed-rate loans. Explain how can swaps be used to offset the risk?
Determine the number of bromine molecules : A flask contains 0.120 mol of liquid bromine, rm Br_2. Determine the number of bromine molecules present in the flask.
Probability that bottles contain less than weight : Mmore than 520gms, within 10grms of the stated weight & weight that only 5% of bottles contain less than this weight?
Value of function over interval : Find the average value of the function in the given region. The average value of f(x)=1/x over [1,10] is______.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Explain how does your organization go about estimating

Explain how does your organization go about estimating its sales. How does it estimate the demand for new products so that it can prepare a production run.

  Explain how do they impact the domestic economies

Explain how do they impact the domestic economies of nations. How do they affect individual business decisions.

  Illustrate why do the classical or monetarist schools

Illustrate why do the Classical or Monetarist schools of economic thought maintain that monetary stimulus is doomed to be ineffective in the long run.

  Profit maximization under monopoly

What price will the monopolist charge and how much output will he produce? Sketch a diagram of this market and show the equilibrium price and quantity.  In addition, calculate the firm's profits.

  Example for shift in consumer and producer surplus

The government will tax good for many reasons, resulting in a fall in equilibrium quality while the prices increase. Could someone explain how price controls and taxes have influenced your purchasing choices.

  Making as-ad diagram

Explain why would you expect inflation rate to accelerate if actual unemployment rate declined to a level lower than the "full employment" unemployment rate & remained at that low level for a year or longer and creaste and AS/AD diagram

  Make comparision between the situation after both of changes

make comparision between the situation after both of these changes have happened with the situation before any of these changes have happened.

  Question on money supply growth

You take $100 that you had kept under your mattress and deposit it into your bank account. If this $100 stays in banking system as reserves and if banks hold reserves equal to 10% of deposits,

  Describing canadian money supply

What money supply must the Bank of Canada set next year if it wants to keep the price level stable? What money supply must the Bank of Canada set next year if it wants inflation of the ten percent?

  Which nation has a comparative advantage

Which nation has a comparative advantage in clothing and by what amount.

  The company provides the broker with an infrastructure

the company provides the broker with an infrastructure, such as clerical support, phone services, and office space, and especially for new brokers, a base wage.

  Elucidate how the market for corn would be affected

Elucidate how the market for corn would be affected if ethanol, a corn derivative was used to fuel cars in the United States.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd