Consider the following IS-LM model: C = 228 +0.51YD /= 158+0.16Y-873/ G = 257 T = 206 i = 0.04 The IS equation is determined to be Y= 1,630.12-2,645.45. The LM equation is given as i = 0.04. Using the IS and LM equations, the equilibrium real output, Y, is (Round your response to the nearest integer.) (Round your response to the nearest integer.) Using the IS-LM model, the equilibrium value of consumption, C, is (Round your response to the nearest intege Using the IS-LM model, the equilibrium value of Investment, I, is Using your answers above, determine the value of C+/+G to confirm the value found above for Y. C+I+G = (Round your response to the nearest integer.)

Consider the following IS-LM model: C = 228 +0.51YD /= 158+0.16Y-873/ G = 257 T = 206 i = 0.04 The IS equation is determined to be Y= 1,630.12-2,645.45. The LM equation is given as i = 0.04. Using the IS and LM equations, the equilibrium real output, Y, is (Round your response to the nearest integer.) (Round your response to the nearest integer.) Using the IS-LM model, the equilibrium value of consumption, C, is (Round your response to the nearest intege Using the IS-LM model, the equilibrium value of Investment, I, is Using your answers above, determine the value of C+/+G to confirm the value found above for Y. C+I+G = (Round your response to the nearest integer.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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