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Suppose you have the following information about a closed economy:(Chapter 4-5) C=5+0.5(Y-T) I=15-50r Y=30 T=10 G=5 a.Whataretheequilibriuminterestrate,levelofsavings,andinvestment the economy is a closed economy? How do

Suppose you have the following information about a closed economy:(Chapter 4-5)

C=5+0.5(Y-T)

I=15-50r

Y=30

T=10

G=5

a.Whataretheequilibriuminterestrate,levelofsavings,andinvestment the economy is a closed economy? How do things change if the economy becomes a smallopeneconomyandtheworldinterestrateis 5%?Showallofthis graphically.

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