Consider the following numerical example of the IS-LM model: C= 100 + 0.3Yd ; I = 150 + 0.2Y – 1000 i ; G = 200 ; T = 100. Derive the IS relation. I've got the answer written down as =400+0.5Y-500i can someone please provide solutions as to how it is this.
Consider the following numerical example of the IS-LM model: C= 100 + 0.3Yd ; I = 150 + 0.2Y – 1000 i ; G = 200 ; T = 100. Derive the IS relation. I've got the answer written down as =400+0.5Y-500i can someone please provide solutions as to how it is this.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.5CE: In attempting to formulate a model of the passenger arrival data on cruise ships over time would a...
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Consider the following numerical example of the IS-LM model: C= 100 + 0.3Yd ; I = 150 + 0.2Y – 1000 i ; G = 200 ; T = 100. Derive the IS relation. I've got the answer written down as =400+0.5Y-500i can someone please provide solutions as to how it is this.
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