What is the equilibrium levels of real output

Reference no: EM13738462

1. Suppose that the following equations describe an economy. ( C, I, G, T and Y are measured in billions of dollars, and r is measured as a percent; for example, r = 10 = 10%):

C = 170 + 0.6 ( Y - T)

T = 200

I = 100 - 4r

G = 350

(M/P)d = L = 0.75Y - 6r

Ms/P = 735

a. What is the equilibrium levels of real output ____________

b. What is the equilibrium real interest rate ______________

Reference no: EM13738462

Questions Cloud

Subsystems play a part in implementing tqm : After conducting this search, attempt to identify strategic barriers to the successful implementation of total quality management. As you identify these barriers, be sure to ask yourself how the various departments, outside suppliers, or subsystem..

Research the organization mission statement : Describe the organization, what it does, the customers it serves, and its size. Research the organization's mission statement. Discuss the role HR will play (or does play) in fostering the organization's mission statement.

How much more labour will workers wish : How much more labour will workers wish to supply than the firm will want to hire?

Design a noncash recognition program : Recognition Program - Design a noncash recognition program that brings attention to some important skills/achievements your sales team may have accomplished

What is the equilibrium levels of real output : What is the equilibrium levels of real output - What is the equilibrium real interest rate

Identify and address the main issue : The issue here is how to communicate with the new sales personnel. They need more scientific training than you originally envisioned, and you must redesign the hiring process to include a training program, which should include a needs analysis.

Finding new innovative ideas to increase brand recognition : Brand awareness in marketplace in the 14th year will maintain above 70%, while also finding new innovative ideas to increase brand recognition

Present the mentor program : Outline 3 paragraph or more how you will present the mentor program and its benefits to the harmonious work environment you envision.

What are the limits of the terms of trade : What are the limits of the terms of trade? Specifically, when is Canada willing to trade with Japan, and when is Japan willing to trade with Canada?

User Account

All Pages