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ECO 10350 - Suppose that the behavior of households and firms

Question # 00620458
Subject: Economics
Due on: 11/22/2017
Posted On: 11/22/2017 04:30 AM

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  1. Suppose that the behavior of households and firms in an economy is determined by the following equations

C=50+0.9Y

Ii(intended investment)=50

Answer the following questions, using algebraic manipulations only.

  1. What is the equation for the AD curve?
  2. What is the level of equilibrium income?
  3. If intended investment increases by 10 units to 60 units, by how much will equilibrium income rise? How much will be the new equilibrium income?

Tags firms households behavior suppose 0 equilibrium income following units curve equation manipulations level rise intended algebraic increases investment questions economy determined firms households behavior equations c5009y suppose answer investment50 iiintended using

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ECO 10350 - Suppose that the behavior of households and firms

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Posted On: 11/22/2017 04:31 AM
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