2. The following equations describė an ecoHomy Income identity: Y = C+1+G+ NX Consumption function: C= 80 + 0.63Y Investment function: |= 750 - 2,000r Government spending: G- 750 Net export function: NX = 425 - 0.1Y - 500r Tax rate: t = 0.3 Money demand function: M = (0.1625Y - 1,000r)P Money supply: M = 600 Price level: P= 1 where Y is output, C is consumption, I is investment, G is government purchases, NX is net exports, M in the first equation is money demand and money supply in the second equation, Pis the price level and r is the real interest rate. C= a+ b(1-t)Y. Show all work for the following questions in a neat and orderly manner. Credit will not be given for unsupported work, such as only an answer. 1. What is the equation that describes the IS curve? 2. What is the equation that describes the LM curve? 3 What are the equilibrium level of income and interest rate? the domand for

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I openvellu mathxl.com/Student/PlayerHomework.aspx?homeworkld3611294898&questionld3D18&flush M Gmail ITMG 1B Econ 2100 vork z/Test E Homework: Basics ... H C Question 18, 1.1 Questio... Lars can initially produce 20 pizzas or 2 cakes. After some training from a pizza-making expert, his opportunity cost of making O A. 1 cake will become equal to 0 pizzas O B. 1 cake will become more than 10.00 pizzas. O C. cakes will remain unchanged. O D. 1 cake will become less than 10.00 pizzas.

The graph below shows the market for mandarin oranges in Odin for the month of November (in thousands of kilos). 1 6 5 X 4 3 2 450 750 10501200¹ 1350 300 600 900 Quantity per month Price 8 7 DS 0 150 Tools D₂ S2