O Assignment 10 (chapter 1 x Assignment 10 (Chapter 1 xO)Pinterest -) Liezto.mhe

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O Assignment 10 (chapter 1 x Assignment 10 (Chapter 1 xO)Pinterest -) Liezto.mheducation.com/hm.tpx?0.31476611268728505-1416188530177 e Homework Help Ask A Q Allison Willaims ECON2030 Principles of Macroeconomics: Section 1--MWF 10-10:50 ECONOMICS Assignment 10 (Chapter 12) instructions | help prev | | Question #1 (of 5) save & exit submit assignment Time remaining : 4:13:51 An economy is described by the following equations C , P G 2.600 + 0.8 (Y--10,000r = 2.000-10.000r =1.800 T = 3.100 The real interest rate, expressed as a decimal, is 0.10 (that is, 10 percent). a. Find a numerical equation relating pled aggregate expenditure to output. Instruction: Enter your response for mpc rounded to one decimal place PAE = b. Using a table (or algebra if you have used the appendix to this chapter), solve for short-run equilibrium output. Instructions: If you are entering any negative numbers be sure to include a negative sign ()in front of those numbers. Leave no cells blank. You must enter zero for the answer to grade correctly Y. Planned aggregate expenditure (PAE Output Y 9,500 9,600 9,700 9,800 9,900 10,000 10,100 10,200 Y-PAE Short-run equilibrium output .sp02h3Table.png sp02h3Pesto.jpg sp02h3Logo.png sp02h3Budget.xlsx sp02h2Brushetta.jpg Show all downloads 7:45 PM 3 11/16/2014

Explanation / Answer

1.

C = 2600+.8(Y-T)-10000r

Ip = 2000-10000r

G=1800

NX = 0

T=3100

PAE = C+I+G+NX

= 2600+.8(Y-T)-10000r+2000-10000r+1800

PAE= 6400+.8(Y-T)-20000r

PAE = 6400+.8(Y-3100)-2000

=4400-2480+.8Y

=1920+.8Y

2.

shortrun euilibrium when PAE =Y=9600

Y PAE Y-PAE 9500 9520 -20 9600 9600 0 9700 9680 20 9800 9760 40 9900 9840 60 10000 9920 80 10100 10000 100 10200 10080 120

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