Question

In: Economics

Given: LFd = 24 – 3R LFs = -6 + 2R If more optimistic prospects increase...

Given:

LFd = 24 – 3R

LFs = -6 + 2R

If more optimistic prospects increase LFd by 20 and if more incentives to save increase LFs by 10, find the new equilibrium value of R ___.

Select one:

A. 4

B. 5

C. 6

D. 7

E. 8

Solutions

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