B. Explain the following functions , and establish the independent variable for the function I=f(r)& the dependent variable for the function I = f ( yt+1 - Yt) where r is the interest rate and Y is the national income

B. Explain the following functions , and establish the independent variable for the function I=f(r)& the dependent variable for the function I = f ( yt+1 - Yt) where r is the interest rate and Y is the national income

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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B. Explain the following functions , and establish the independent variable
for the function I=f(r)& the dependent variable for the function I=f(y+1- Yt)
, where r is the interest rate and Y is the national income
2

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