Question
Consider an economy described by the following equations: C = 100 + 0.6 ∗ (Y −
- T (consumption function) I = 200 − 1000 ∗ r (investment function) G = T = 100 (government purchase and tax) where Y is the national income and r is the interest rate. Assume r = 10%, What is the equilibrium income?
More Research Questions
- What is the standard deviation of first n natural numbers?
- If the correlation between x and y is 0.6 covariance is 27, variance of y is 25, then what is the variance of x?
- Under the current Foreign Exchange Management Act (FEMA) guidelines and RBI regulations, the "Liberalised Remittance Scheme" (LRS) allows resident individu...
- Let X and Y be two related variables. The two regression lines are given by x-y+1=0 and 2x-y+4=0. The two regression lines pass through the point:
- The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30 have credit ...
- Transaction demand for money, Mt = 0.5Y. Speculative demand for money, Msp = 100 – 250 i Money supply Ms = 300 LM equation from the above data is
- In a small open economy with a floating exchange rate, the supply of real money balances is fixed and a rise in government spending ______
- A firm practices third-degree price discrimination by charging different prices to two distinct consumer groups based on their willingness to pay. The firm...
- Suppose the reserve ratio is 0.2, Currency in Circulation is Rs.100, Deposits are Rs.400 and Excess Reserves Rs.10 , then calculate the money multiplier
- The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30 have credit ...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)