subject
Business, 05.05.2020 04:08 shondra20

A Standard Keynesian model [8 points] Consider the following model for the macroeconomy. Consumption Function: C = a + b∙Y Import Function: IM = k + m∙Y Export Function: EX = k* + m*∙Y* where a, b, k, m, k*, m* are positive parameters; and G, I, G*, I*, Y* are exogenous variables. (a) Derive the goods-market equilibrium expression for GDP ( Y ) if the economy is closed (EX = IM = 0). What is the fiscal multiplier, ΔY/ ΔG? (b) Derive the equilibrium equation for Y if the economy is open. What is the multiplier now? (c) Derive the equilibrium equation for the trade balance (TB = EX – IM). What is the effect of fiscal policy on TB, ΔTB/ ΔG? g

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, asalaslex133369
As a group is leaving, you ask them if they had a good experience at the restaurant. they mention that they had poor service and their food was cold. a. apologize and ask them to give the restaurant another chance in the future. you tell them that guests usually have a great experience here. b. apologize then ask for the server’s name and immediately notify the manager after they leave. c. apologize for the bad experience and ask them to wait as you call the manager to talk to them. d. apologize for the bad experience and encourage them to complete the customer service survey. this feedback will ensure other guests do not have the same experience.
Answers: 2
image
Business, 22.06.2019 01:00, fatty18
In order to gauge public opinion about how to handle iran's growing nuclear program, a research group surveyed 1010 americans by telephone and asked them to rate the threat iran's nuclear program poses to the world on a scale of 1 to 10. describe the population, sample, population parameters, and sample statistics. identify the population in the given problem. choose the correct answer below.
Answers: 2
image
Business, 22.06.2019 02:00, camperangie3364
Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20
Answers: 2
image
Business, 22.06.2019 07:10, firdausmohammed80
mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.
Answers: 1
You know the right answer?
A Standard Keynesian model [8 points] Consider the following model for the macroeconomy. Consumption...

Questions in other subjects:

Konu
Mathematics, 10.09.2020 01:01
Konu
Mathematics, 10.09.2020 01:01
Konu
Geography, 10.09.2020 01:01
Konu
Health, 10.09.2020 01:01