Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Suppose the following equations describe the relationship between the long-run shares of spending in GDP and the interest rate (R), measured in decimal fractions (that is, R = 0.05 means that the interest rate is 5 percent).

Equations: C/Y* = 0.7 – 0.2(R - .05) and I/Y* = 0.2 – 0.8(R - .05)

X/Y* = .0 – 0.95(R - .05) and G/Y* = .2

Use algebra to determine the values of the interest rate and the long-run shares of spending in GDP.

R =

C percentage =
%

I percentage =
%

X percentage =
%

G percentage =
%

Sagot :

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.