Math Problem Statement
draw for me a graphical illustration as below AE=170+0.75Y Y=AE IS THE EQUILIBRIUM CONDITION On the graph, AE schedule has an intercept of 170 on the AE axis and a slope of 0.75 on the x-axis. The equilibrium point "A" is where the AE schedule intersects the Y=AE line representing equilibrium output at 470 units
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Economics
Linear Graphs
Keynesian Equilibrium
Formulas
AE = 170 + 0.75Y
Y = AE
Theorems
Keynesian Equilibrium Model
Suitable Grade Level
Grades 10-12 (High School Economics/Math)
Related Recommendation
Solving Market Equilibrium with Supply and Demand Functions
Find the Price-Supply and Price-Demand Equations and the Equilibrium Point
Understanding Equilibrium in Supply and Demand Graphs
Finding Market Equilibrium Using Supply and Demand Linear Equations
Calculating Market Equilibrium for Widgets Using Demand and Supply Functions