what is the equilibrium income in this IS-LM model? Y = C +I +G C = 200+0.8(Y-T ) I = 1,600-100ｒ G =T = 1,000 MS= 5,000 P =2 MD/P= 0.5Y - 250ｒ +500 ➀ 5000 ➁ 6000 ➂ 7000 ➃ 8000 ➄ 10000
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what is the equilibrium income in this IS-LM model?
Y = C +I +G
C = 200+0.8(Y-T )
I = 1,600-100ｒ G =T = 1,000
MS= 5,000 P =2
MD/P= 0.5Y - 250ｒ +500
➀ 5000 ➁ 6000 ➂ 7000 ➃ 8000 ➄ 10000
Please type out the correct answer ASAP within 40 min with proper explanation of the each option given. Will give you thumbs up only for the correct answer.
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