The economy of Clintonia has the following macroeconomic relationships: C = 2,000 + 0.
1. The economy of Clintonia has the following macroeconomic relationships: C = 2,000 + 0.75 (Y – T); I = 12,000 – 1,500 r; G = 23,000; X = 4,000; M = 5,000 + 0.1 Y; T = 5,000 + 0.20Y; Md = 0.50 Y – 3,500 r; Ms = 31400; Yp = 63,400 (a) The IS equation for this economy is: Y = _____________ […]