Q3) The component of national economy is as follows: Y= 5000 C= 1800 T= 1400 C= 500+(1/2)(Y-T) |= 1900 – 100r Find the equilibrium interest rate.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.2: Functions Given By Tables
Problem 32SBE: Does a Limiting Value Occur? A rocket ship is flying away from Earth at a constant velocity, and it...
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Q3) The component of national economy is as follows:
Y= 5000
C= 1800
T= 1400
C= 500+(1/2)(Y-T)
|= 1900 - 100r
Find the equilibrium interest rate.
Transcribed Image Text:Q3) The component of national economy is as follows: Y= 5000 C= 1800 T= 1400 C= 500+(1/2)(Y-T) |= 1900 - 100r Find the equilibrium interest rate.
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