Solve the Proportion $$\frac { 7 } { 9 } = \frac { x } { 2 }$$

question 109

Short Answer

Solve the proportion. Give your answer as a fraction in lowest terms. $$\frac { 7 } { 9 } = \frac { x } { 2 }$$

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Definitions:

Aggregate Demand

The total demand for all goods and services within a particular economy at a given overall price level and in a given time period.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender, often expressed as an annual percentage rate (APR).

Multiplier

In macroeconomics, a factor that quantifies how an initial change in spending will affect total economic output.

Crowding-out Effects

The phenomenon where increased government spending leads to a reduction in private sector spending.