1.2. Go to www.fgn.unisg.ch/eurmacro/Tutor/keynesiancross html. Make sure the following settings are used: 1=0.25, G=400; c=0.8, and m...
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1.2. Go to www.fgn.unisg.ch/eurmacro/Tutor/keynesiancross html. Make sure the following settings are used: 1=0.25, G=400; c=0.8, and m = 0.0. Click the "memorize" button. Note the value of equilibrium output. Now, decrease G by 50. What is the value of equilibrium out- put? What is the implied multiplier? Compare your answer with the answer to Web Exercise Question 1.
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Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 9780321598905
9th Edition
Authors: Frederic S. Mishkin
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