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The following equations describe the economy of a country Y = C + I + G C = 50 + 0.75 (Y - T) >
The following equations describe the economy of a country
Y = C + I + G
C = 50 + 0.75 (Y - T) > Please Becareful its 0.75 not 0.7 :"], thank u
I = 150 - 10 r
(M / P) d = Y - 50r
G = 250
T = 200
M = 3000
P = 4
From these equations: (a) find the function of the goods market equilibrium (IS) and graph it, (b) find the money market equilibrium function (LM) and graph its function, and (c) find the income ( Y) and the interest rate (r) equilibrium.
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