2.3 An economy shows the following functions, C = 200+ 0.75(Y-T) T=80+ 0.2Y 1 = 200-2000i G = N$300 Mt = 0.5Y M₂ = 200-250i Mz Ms = N$400 Compute the equilibrium income and rate of interest?
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- 3. Supply and demand for loanable funds The following graph shows the market for loanable funds in a closed economy. The upward-sloping orange line represents the supply of loanable funds, and the downward-sloping blue line represents the demand for loanable funds. Supply Demand 100 200 300 400 500 LOANABLE FUNDS (Billions of dollars) A INTEREST RATE (Percent) m 0 0 600The following table contains data on the relationship between saving and income. Rearrange these data into a meaningful order and graph them on the accompanying grid. What is the slope of the line? The vertical intercept? Interpret the meaning of both the slope and the intercept. Write the equation that represents this line. What would you predict saving to be at the $12,500 level of income?Find the saving when the income is 50 and consumption is 60
- Consumption/Savings 1000 800 600 400 200 0 -200 Select one: 200 400 600 800 1000 1200 1400 1600 S Refer to the graph above to answer this question. What is the equation for the saving function? A. S=200+ 0.4Y. B. S=-200+ 0.6Y. X C. S-200+ 0.8Y. OD. S-200 +0.2Y. OE. S=200 - 0.2Y. IncomeThe following table contains data on the relationship between saving and income. Rearrange these data into a meaningful order and graph them on the accompanying grid. What is the slope of the line? Interpret the meaning of the slope. What would you predict saving to be at the $12,500 level of income?If the MPC is 0.31 find the value of the MPS
- Assume a closed economy where the level of investment is 300 and savings function is s = -30+ 0.15y calculatr the equilibrium level of incomeC=150 + 0.65 y I= 120 G= 80 1- Equilibrium levelof income 2- Consumption 3- SavingA) :What is S if Y=200, AE=260, C=220 and I=40 in an imaginary economy?B) : If the disposable income is 200 and the consumption expenditure is 220 in an imaginary economy, what are the savings? C) University Café earned 20 TL by selling 10 bagels in one day. The total cost of 1 bagel is 0.5 TL. It is assumed that the cafe has no other costs. What is the firm's accounting profit?
- Saving is setting aside money you don't spend now for emergencies or for a future purchase. In an economy the saving function is specified as S = -a + bYd. Using the above information what the effect will be on an economy if everybody in the economy saves thereby increasing the saving function?Graph the function C=50+0.8Y and give economic interpretations of the elements of the equation.What is it mean by full price and income when discussing household consumption?