Solve Each System by Using Either the Substitution or the Elimination-By-Addition

question 143

Short Answer

Solve each system by using either the substitution or the elimination-by-addition method, whichever seems more appropriate. $$\left( \begin{array} { c } \frac { 2 } { 3 } x + \frac { 1 } { 4 } y = 0 \\\frac { 3 } { 2 } x - \frac { 3 } { 8 } y = - 15\end{array} \right)$$

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Definitions:

Recessionary Gap

The difference between the actual output of an economy and its potential output, occurring during periods of economic downturn.

Equilibrium GDP

The level of Gross Domestic Product (GDP) at which aggregate supply equals aggregate demand.

Full Employment GDP

The total market value of all final goods and services produced at a time when all available resources are fully employed.

Automatic Stabilizers

Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers.