Write the numerical formula for the lm curve? what is the, Ask an Expert

Economics

Suppose the economy is represented by the following equations:

Md/P = 6Y %u2013 120r Ms/P = 5,400

C = 180 + 0.7(Y-T) I = 100 %u2013 18r + 0.1Y T = 400 G = 400

Y = C + I + G

a. Write the numerical formula for the IS curve?

b. Write the numerical formula for the LM curve?

a. What is the equilibrium level of r?

b. What is the equilibrium Y?

c. What is the value of consumption?

d. What is the value of Investment?

e. What is the level of real Money Demand?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9449643

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