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Consider the following AS/AD model of a closed economy: yd C = 250 + 0.70(Y - T) 1 = 1400 - 10,000r Yd Md/P =
Consider the following AS/AD model of a closed economy:
yd C = 250 + 0.70(Y - T) 1 = 1400 - 10,000r Yd Md/P = 0.40Y - 5000(r + Ire ) MS/P = Md/P G = 400; T = 500 K = 100; L = 225 MS = 2000; = O A = 20
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