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1. Given 2 equations of the IS curve, Y = 2500-800r and Y = 2500 -1500r: a) Calculate the national income equilibrium (Y) for
1. Given 2 equations of the IS curve, Y = 2500-800r and Y = 2500 -1500r: a) Calculate the national income equilibrium (Y) for both equations if r = 5% and 10%. b) Based on the IS equations, draw the IS curves on the same diagram. c) Calculate the slope of the IS equations given above.
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IS Curve Analysis Were given two IS curve equations and need to analyze them a National Income Equil...
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Macroeconomics
Authors: Robert J Gordon
12th edition
138014914, 978-0138014919
