5. Assume an economy can be modeled with these equations: C=280 +0.7204 I=450₁ 6=300-0,14Y₁ X=460, M = 485, and T = 12 +0.25). What is the equilibrium Y? (2 decimals)

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter23: Aggregate Demand And Aggregate Supply
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5. Assume an economy can be modeled
with these equations; C = 280 +0.7201
I=450₁ 6=300-0,14Y₁ X= 460, M = 485,
and T = 12 +0.25%. What is the equilibrium
Y? (2 decimals)
Transcribed Image Text:5. Assume an economy can be modeled with these equations; C = 280 +0.7201 I=450₁ 6=300-0,14Y₁ X= 460, M = 485, and T = 12 +0.25%. What is the equilibrium Y? (2 decimals)
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