Assume that the economy is described by the following equations: Y=C+l+G, Y=8490, G-2719, T=2056, C-258+ 1/2(Y-T), I=400 + 40r. Private saving and the equilibrium interest rate are O Private saving: 2959; The interest rate: 47.A O Private saving: 2296; The interest rate: 23.7 O Private saving: 2296; The interest rate: 47.4 O Private saving 2959; The interest rate: 23.7

Assume that the economy is described by the following equations: Y=C+l+G, Y=8490, G-2719, T=2056, C-258+ 1/2(Y-T), I=400 + 40r. Private saving and the equilibrium interest rate are O Private saving: 2959; The interest rate: 47.A O Private saving: 2296; The interest rate: 23.7 O Private saving: 2296; The interest rate: 47.4 O Private saving 2959; The interest rate: 23.7

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Savings,Investment And The Financial System

Section: Chapter Questions

Problem 2QCMC

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