Question
Briefly explain how one or more of the microeconomic components, namely consumption, investment, supply and demand for money influence macroeconomic outcomes and formulations of the
Briefly explain how one or more of the microeconomic components, namely consumption, investment, supply and demand for money influence macroeconomic outcomes and formulations of the following macroeconomic theories:
a. Solow Growth Model (5marks)
b. The Mundell-Fleming model (6marks)
c. Neoclassical Model of Investment (5marks)
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Microeconomics
Authors: Robert S. Pindyck, Daniel L. Rubinfeld
7th edition
8131725995, 8131725993, 978-8131725993
