Starting with the algebraic and graphical results of Problems 5 and 6, determine algebraically and determine graphically the effect on YE of an autonomous: (a) Increase in X of 200. (b) Increase in I of 200. (c) Increase in X and I of 200. Problem 5 Given C = 100 + 0.8Y, M = 150 + 0.20Y, I = 100, and X = 350: (a) Determine YE algebraically.
Starting with the algebraic and graphical results of Problems 5 and 6, determine algebraically and determine graphically the effect on YE of an autonomous: (a) Increase in X of 200. (b) Increase in I of 200. (c) Increase in X and I of 200. Problem 5 Given C = 100 + 0.8Y, M = 150 + 0.20Y, I = 100, and X = 350: (a) Determine YE algebraically.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Starting with the algebraic and graphical results of Problems 5 and 6, determine algebraically and determine graphically the effect on YE of an autonomous:
(a) Increase in X of 200.
(b) Increase in I of 200.
(c) Increase in X and I of 200.
Problem 5
Given C = 100 + 0.8Y, M = 150 + 0.20Y, I = 100, and X = 350:
(a) Determine YE algebraically.
(b) Show the determination of YE graphically as in the top panel of Figure 17.3.
Problem 6
For the same given as in Problem 5, show the determination of YE graphically as in the bottom panel of Figure 17.3.
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