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AI 16. If the price of X is set at $0.10 per unit, the quantity of the good purchased by this consumer each month will be: B) 2 C)3 D) 4 E) 6 F) 8 G) 10 H) 12 I) 16.5 J) 23.5 K) 63 L) 64 M) 128 N) 129 0) 150 P) 156 Q) 157.5 R) 159.5 S) 160 T) 255 U) 256 V) 256.5 W) 257.5 X) 260 Y)0 Z) none of the above
13. If the price of X is set at $24.00 per unit, the number of units of X purchased by this consumer each month will be: A) 1 B) 2 C) 3 D) 4 E) 5 F) 6 G) 7 H)8 1) 9 J) 10 K) 12 L) 14 M) 16 N) 18 0) 20 P) 22 Q) 24 R) 26 S) 28 T) 30 U) 36 V) 40 W) 44 X) 52 Y) 56 Z) none of the above
Algebraic IS-LM problem , given these:
IS: I= 100-10i, S= -50+.25 YD, YD= Y-T, T=.2Y, G=50, Equilibrium condition IS: I+G=S+T
LM: Lt= .2y, La= 200-5i, M/P=200, Equilibrium condition LM: Lt+La=M/P
1. find equilibrium for IS curve (y=f(i), i=g(y))
2. find equilibrium for LM curve (y=f(i), i=g(y))
3. find equilibrium i, y
4. let the money supply increase by 50 (what happens to equilibrium y,i (multiplier))
5. let y increase by 20
