Consider the following numerical example of the IS-LM model: C = 191 + 0.62YD | = 143 +0.13Y-1,104i G = 378 T = 302 i = 0.04 Derive the IS relation. (Hint: You want an equation with Y on the left side of the equation and everything else on the right.) Y=-. (Round your calculations of the intercept and slope terms to two decimal places.) The central bank sets an interest rate of 4%. In the equations given above, this decision is represented asi = and is known as the relation. Given this model's IS and LM equations, the equilibrium real output, Y, is . (Round your response to the nearest integer.) Use the expression given below along with the values of equilibrium real output and the interest rate to determine the level of the real money supply. = 1.8Y-7,552í The real money supply is- (Round your response to the nearest integer.)

Consider the following numerical example of the IS-LM model: C = 191 + 0.62YD | = 143 +0.13Y-1,104i G = 378 T = 302 i = 0.04 Derive the IS relation. (Hint: You want an equation with Y on the left side of the equation and everything else on the right.) Y=-. (Round your calculations of the intercept and slope terms to two decimal places.) The central bank sets an interest rate of 4%. In the equations given above, this decision is represented asi = and is known as the relation. Given this model's IS and LM equations, the equilibrium real output, Y, is . (Round your response to the nearest integer.) Use the expression given below along with the values of equilibrium real output and the interest rate to determine the level of the real money supply. = 1.8Y-7,552í The real money supply is- (Round your response to the nearest integer.)

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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