a) Q=1 aP+ b Transpose the formula to express P in terms of Q. (3 marks)...

Question

Question

a) Q=1 aP+ b Transpose the formula to express P in terms of Q. (3 marks) b) Determine the equilibrium level of income given:

business economics

Answer 1

Answer #1

ap+b. co Cap +6 = 1 (ap+6) = 19 > pile b) la 6. At eguilibrium, Y = c+I+G+X-M - Y:0.67 120 + 634 +45 + 160 -0.454 2 y = 951 +

Answer 2

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