An economy is described using the following equa C=210+ 0.15 (Y-T) 1=225 G=185 NX=-30 T=110 Y = 700 Find the total level of unemployment at Y. Assume the NRU (natural rate of unemployment) = 5% O 6.81% O 5.95% O 3.19% O 1.53%

Macroeconomics: Private and Public Choice (MindTap Course List)
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Chapter10: Dynamic Change, Economic Fluctuations, And The Ad-as Model
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An economy is described using the following equation.
C=210+0.15 (Y-T)
1 = 225
G=185
NX=-30
T=110
Y* = 700
Find the total level of unemployment at Y.
Assume the NRU (natural rate of unemployment) = 5%
O 6.81%
O 5.95%
O3.19%
O 1.53%
Transcribed Image Text:An economy is described using the following equation. C=210+0.15 (Y-T) 1 = 225 G=185 NX=-30 T=110 Y* = 700 Find the total level of unemployment at Y. Assume the NRU (natural rate of unemployment) = 5% O 6.81% O 5.95% O3.19% O 1.53%
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