Answer to Question #96313 in Macroeconomics for Mark

Question

Goods market:
C=250+0.8YD
YD=Y+TR-T
T=100+0.25Y
I=300-50i
G=350
TR=150

Money market:
L=0.25Y-62.5i
Ms/P=250

Goods market equilibrium condition:
Y=C+I+G+X-M

Money market equilibrium condition:
L=Ms/P

Solve for Y=C+I+G+X-M

Answer 1

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