Economy is characterized, Macroeconomics

Assignment Help:

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


Related Discussions:- Economy is characterized

Compute the lost social welfare, Consider a market where supply and demand ...

Consider a market where supply and demand are given by QXS = -18 + PX and QXd = 90 - 2PX. Suppose the government imposes a price floor of $41, and agrees to purchase any and all un

State about the gross domestic product, Gross domestic product Definit...

Gross domestic product Definition Perhaps the most significant concept in macroeconomics is Gross Domestic Product (GDP): Gross Domestic Product (GDP) is defined as the

Nation in which the volume of goods, Consider a nation in which the volume ...

Consider a nation in which the volume of goods and services is growing by 5 percent per year. If a country's economic size is growing faster than the rest of the world, then

Critique the effectiveness of the model, Discuss how decisions are made in ...

Discuss how decisions are made in your workgroup. Which model is used for what situation? Be sure to provide specific examples of at least three situations and what model was used

Explain the concept of elasticity, Explain the concept of elasticity and de...

Explain the concept of elasticity and describe why the supply of petrol in the short run is relatively inelastic.

Classical quantity theories, Classical Quantity Theories Quantity theor...

Classical Quantity Theories Quantity theories have had a long history and a widespread use in economics. As originally formulated these were not explicitly designed as theories

What are the contents in the market strikes back, What are the contents in ...

What are the contents in the market strikes back? a. Price controls • Price ceiling • Price floor b. Quantity controls quota c. Excise tax d. Inefficiency

Give detail explanation about the inflation, Give detail explanation about ...

Give detail explanation about the Inflation Price index is computed at a particular point in time, inflation over a time period, mainly one year Inflation may just as

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd