Question
a)Given the following equations: , (consumption function),(investment function), (real demandfunction), (net export) , (government purchases) (tax rate), (real money supply). i.Calculate the values of y
a)Given the following equations: , (consumption function),(investment function), (real demandfunction), (net export) , (government purchases) (tax rate), (real money supply).
i.Calculate the values of y and r, at equilibrium(7mks)
ii.Calculate the values of investment and exports(3mks
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International Trade
Authors: John McLaren
1st edition
0470408790, 978-0470408797
