Q2. Suppose the marginal product of labor is MPN = 200 - 0.5N where N is aggregate employment. The aggregate quantity of labor supplied is 300 + 8w, where w is the real wage. What is the equilibrium real wage? __(35)__

Q3. An economy has full-employment output of 5000. Government purchases are 1000. Desired consumption and desired investment are given byCd=3000-2000r+0.10y rd =1000-4000r where Y is output and r is the real interest rate. The real interest rate that clears the goods market is equal to__(36)__.

Q2. Suppose the marginal product of labor is
MPN = 200 - 0.5N
where N is aggregate employment. The aggregate quantity of labor supplied is 300 + 8w, where w is the real wage. What is the equilibrium real wage? (35)

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