10. An economy is described by the following equations: Desired consumption: Cd = 120 +0.5(Y-T) - 500r. Desired investment: /d = 120 - 500r. Government purchases: G= 110. Government taxes: T = 90. Real money demand: L = 0.5Y - 950r. Nominal money supply: M = 1,290. Full-employment output: Y = 500. Assume that the expected inflation rate is zero so that money demand depends on the real interest rate. Find the equation for the IS curve (report your coefficients with one decimal place): Y= Find the equation for the LM curve (report your coefficients with one decimal place): Y = r+ VP. What are the values of r, P, C, I, and L in long-run (full-employment) equilibrium? r= (report your answer to three decimal places). (report your answer to three decimal places). |= (report your answer to one decimal place). (report your answer to one decimal place). (report your answer to one decimal place). L= Beginning in the full-employment equilibrium that you have just found, suppose that the central bank changes the money supply by 60, so that now the money supply equals 1,350. In the short run, the price level is fixed at the value you found above, P = 6.523. What are the values of r, Y, C, I, and L in short-run equilibrium? r= (report your answer to three decimal places). Y= (report your answer to one decimal place). C= | = (report your answer to one decimal place). (report your answer to one decimal place). (report your answer to one decimal place). L = With the change in the money supply, what are the values of r, P, C, I, and L in long-run (full-employment) equilibrium? r= (report your answer to three decimal places). (report your answer to three decimal places). (report your answer to one decimal place). (report your answer to one decimal place). (report your answer to one decimal place). L= Compare the results for the changes in r, P, Y, C, I, and L for the three different situations (the initial full-employment equilibrium, the short-run equilibrium after the change in the money supply, and the final full-employment equilibrium after the change in the money supply). You will note that the change in the money supply causes r, Y, C, I, and L to change in the short run but only changes in the long run P = C= P= C= 1 =

Do you own a home?If yes, how much property tax you pay? From the township, you must have received a letter indicating how much property tax you paid last year and what is the accessed value your property for this year. Does this letter contain fair market value, assessment rate and property tax rate for your property? Comment on why this amount varies from one township to another. If you do not own a home, investigate the same thing from someone  you know who owns a house.

Question 1 Use the numbers below for questions #1-3. Filing Status: Single Total Income: $73, 883 Income Adjustments: $0 Itemized Deductions: $14,239 What is the Adjusted Gross Income for this individual?

13) Property that is titled as “joint tenants” allows for: a. the property to pass outside of the probate process to a surviving joint ownerr b. tenants to remain in a leased property if the lessor dies. c. the decedent’s interest in the property to avoid inclusion in his or her estate for estate tax purposes. d. a distribution to the joint survivor that is recognized as taxable income.

What are the two different ways most firms calculate depreciation?

When a business sells good to A. Both on credits debtor is debted and               is credited

Question 25 Subtraction of from Gross National Product yields Gross Domestic Product. O factor income to the rest of the world F Onet factor income O depreciation Onet government income Onone of the above A Click Submit to complete this assessment. Type here to search IF Q A 12. S 13 # D $ Et V R % 1 Chip