1. An economy is described by the following equations: Expenditure Sector: Money Sector: S = - 200 + (1/5)YD Ms = 400 TA = (1/8)Y - 40 Md = (1/4)Y + 100 - 5i TR = 60 I = 300 – 10i G = 70 NX = 150 - (1/5)Y Here S is saving; TA is taxes; TR is transfers; I is investment; G is government spending; NX is net exports; Ms is money supply; and Md is money demand. a) (30p) Find the IS and LM equations for this economy. Draw those equations in an IS-LM framework. b) (20p) Find the equilibrium level of output and interest rates. Calculate also the equilibrium values of investment (I), net exports (NX), and money demand (md).

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$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

The correct answer is step.