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Consider the following IS-LM model: C = 221+0.53YD / = 142 +0.16Y-861/ G = 302 T = 242 / = 0.05 The /S equation is
Consider the following IS-LM model: C = 221+0.53YD / = 142 +0.16Y-861/ G = 302 T = 242 / = 0.05 The /S equation is determined to be Y = 1,731.42 - 2,777.42/. The LM equation is given as i = 0.05. Using the /S and LM equations, the equilibrium real output, Y, is . (Round your response to the nearest integer.)
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