Prepare a three-page analysis by answering the questions below. Be sure to cite your references using APA format.
Assume that the officials in Ecoland have compiled the following information about their economy for last year:
Y = 10,000
C = 6,000
T = 1,500
G = 1,700
The government uses the following equation for the investment function:
I = 3,300 – 100r
Where r = equal to Ecoland’s real interest rate.
Calculate, then explain, the following:
The equilibrium real interest rate
Submitted a well-structured report, free of spelling and grammatical errors and cited sources in APA format when necessary.
Justified ideas and responses by using appropriate examples and references from texts, Web sites, and other references or personal experience.
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