Suppose that the economy is characterized by the following behavioral equations:
C = 170 + 0.7YD
I = 170
G = 150
T = 100
a. What does equilibrium output equal?
Y=?
b. What does total demand equal?
Z=?
c. Total demand is (greater than/equal to / less than) production.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose that the economy is characterized by the following behavioral equations: C = 170 + 0.7YD I = 170 G = 150 T = 100 a. What does ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is one of the methods by which entrepreneurial firms internationalize bystaying in domestic markets? A. Through harvest and exit sell-offs to foreign entrants B. Through direct exports C. Through strategic alliances by FDI D.
Answers (1)
Why is it important to compute real GDP? A) To know more about the composition of total output B) To see if there is an improvement in product quality C) To find out if there is a change in the actual number of goods, services, and structures
Answers (1)
Describe the role of the business plan. What ought to be included in a business plan?
Answers (1)
X Company purchased a patent on January 3, year 7 from Y Company for $145,000. An attorney drew up the contract between X & Y at a total cost of $15,000, which was split equally by the parties. The patent had a carrying value of $90,000 on Y's books.
Answers (1)
Ed Hall has 20 interviews to conduct today. If he spends 15 minutes on each one, how long to finish all them? Ed Hall has 20 interviews to conduct today. If he spends 15 minutes on each one, how long to finish all them?
Answers (1)
New Questions in Business
Theresa drank 5 ounces of wine. this amount of wine has about as much alcohol as the amount that is in
Answers (1)
A monopolist that earns positive economic profit in the short run will
Answers (1)
A Hummer is rated at 13 miles per gallon of gas and gas currently costs approximately $2.85 per gallon. If you drive from Orlando, Florida to San Francisco, CA (2,890 miles), how much money will you spend on gas? Assume it is a one-way trip.
Answers (1)
If a cooperating broker accepts the offer of subagency from a listing broker, to whom does the cooperating broker owe fiduciary duties?
Answers (1)
A group of dairy farmers is trying to raise milk prices by 10%. If the price elasticity of demand for milk is 0.
Answers (1)