requestbook
71

Step-by-step Answer
PAGE: 710SET: ExercisesPROBLEM: 71
Please look in your text book for this problem Statement

The linear equation that represents all combinations of income and interest rates that maintain an equilibrium in the market for goods in the economy.

The system of equations are

Multiply the equation by  and add to the equation to eliminate .

.

.

The rate of interest is .

Substitute in equation .

.

Therefore, the equilibrium level of income and interest rates is million and .

The equilibrium level of income and interest rates is million and .



TESTIMONIALS

"I want to tell you that our students did well on the math exam and showed a marked improvement that, in my estimation, reflected the professional development the faculty received from you. THANK YOU!!!"

June Barnett

"Your site is amazing! It helped me get through Algebra."

Charles

"My daughter uses it to supplement her Algebra 1 school work. She finds it very helpful."

Dan Pease

QUESTIONS? LET US HELP.
Simply chose a support option

My status

JOIN US ON:     
mathskey.com is not affiliated with any Publisher, Book cover, Title, Author names appear for reference only