Question: Please do fast!! I will rate you good for sure!! Please send me typed answer!! Consider an economy described as follows: Y =C+I+G Y =
Please do fast!! I will rate you good for sure!! Please send me typed answer!!

Consider an economy described as follows: Y =C+I+G Y = 6 600. G = 1 650. T = 2 000. C = 1 100 + 1/4(Y-T ). 1 = 3 800 - 95r a. In this economy, compute national saving. b. Find the equilibrium interest rate. c. Now suppose that G is reduced by 300. Compute national saving. d. Find the new equilibrium interest rate
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
