Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

You're given the following two equations representing the market for loanable funds: QL= 17.2 + 2.7r QL= 66.7 - 2.3r What is the vertical-intercept value?

You're given the following two equations representing the market for loanable funds:

QL= 17.2 + 2.7r

QL= 66.7 - 2.3r

What is the vertical-intercept value?Please round to 1 decimal place.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: R. Glenn Hubbard

6th edition

978-0134797731, 134797736, 978-0134106243

More Books

Students also viewed these Economics questions

Question

★★★★★

Telephone calls arrive at a doctors office according to a Poisson process on the average of two every 3 minutes. Let X denote the waiting time until the first call that arrives after 10 a.m. (a) What...

Answered: 1 week ago

Question

★★★★★

Break class into small groups of three to five students. Have students read the discussion question and discuss their answers within their groups. Students should be prepared to provide examples....

Answered: 1 week ago

Question

★★★★★

Information management: What information collection, review, verification, and storage methods were used, and were they systematic?

Answered: 1 week ago

Question

★★★★★

AirAssurance Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations: The company uses the number of jobs as its measure of...

Answered: 1 week ago

Question

★★★★★

Exercise 2-17 (Part Level Submission) Erin Brushwood sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue $ 50,045 Cost of goods sold (all...

Answered: 1 week ago

Question

★★★★★

Exercise 2: Implement calculate_S and calculate_R Recall that the element-wise squared Euclidean distance matrix D O DE Rnxm is defined by [D D] = (x; zj) (x; Zj) - - Also, the matrices S, RE Rnxm...

Answered: 1 week ago

Question

★★★★★

What best describes how natural reward strategies promote an entrepreneurial mindset? Michael just deposited $11,500 into his savings account. The account pays 0.65% interest, compounded annually....

Answered: 1 week ago

Question

★★★★★

Judging types (J) tend to intermix work and play. Group of answer choices True False

Answered: 1 week ago

Question

★★★★★

Patrick Corporation acquired 100 percent of O'Brien Company's outstanding common stock on January 1 for $617,000 in cash. O'Brien reported net assets with a carrying amount of $351,000 at that time....

Answered: 1 week ago

Question

★★★★★

Question two Ever since he was a small boy Nephew has dreamed of owning a car repair business. Following high school, Nephew borrows money from Bankco and enrolls and pays his own way through...

Answered: 1 week ago

Question

★★★★★

To deal with the continuous disappointing news in the job market, government increased spending. The short-run effect of the policy is ________ a.economic expansion and lower interest rate. b.no...

Answered: 1 week ago

Question

★★★★★

This house is new and how to set up the network in this house? CLOSET BATH 3 CLOS MASTER BATH SITTING 8'6"X7'0" BALCONY 10'4"x5'8" MASTER WARDROBE MASTER SUITE 18'0"x14'0" UTILITY LIFT DEN...

Answered: 1 week ago

Question

★★★★★

Carter is an assembly line employee with Swenson Motors. Though Carter is popular among his supervisors and colleagues, Carter experiences low morale and lack of motivation. He feels frustrated that...

Answered: 1 week ago

Question

★★★★★

8. Set a goal that you really want to achieve in the near future, lets say 12 years. How does this goal fit in relation to the form roles and values above? What role and what value was it that...

Answered: 1 week ago

Question

★★★★★

7. Fill out the form below. Only the most important roles and your basic values are to be filled.

Answered: 1 week ago

Question

★★★★★

10. Try to remember the last communication you entered into. How many times did you fill in information that the other person did not convey? How many times did you speak before the other person...

Answered: 1 week ago

Previous Question Next Question