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Author Question: C = 4,000 + 0.5Y I = 1,500 G =2,250 NX = -150 Given the equations for C, I, G, and NX above, ... (Read 58 times)

HudsonKB16

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on: Jun 29, 2018
C = 4,000 + 0.5Y
  I = 1,500
  G =2,250
  NX = -150
 
  Given the equations for C, I, G, and NX above, what is the equilibrium level of GDP (Y)?

Question 2

Prior to 1970, mortgages were ________ resold in the secondary market.
 
  A) never B) often C) rarely D) always


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HandsomeMarc

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Y = C + I + G + NX.
Y = 4,000 + 0.5Y + 1,500 + 2,250 + (-150 )
Y = 7,600 + 0.5Y.
0.5Y = 7,600.
Y = 15,200.

Answer to Question 2

C


HudsonKB16

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Reply #2 on: Jun 29, 2018
Correct answers!


HandsomeMarc

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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