Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

EIA1009 1. (a) Andaikan model Keynesian dengan harga fleksibel and upah wang fleksibel. Gunakan gambarajah IS-LM dan AD-AS untuk menerangkan kesan ke atas output, harga,

image text in transcribed
EIA1009 1. (a) Andaikan model Keynesian dengan harga fleksibel and upah wang fleksibel. Gunakan gambarajah IS-LM dan AD-AS untuk menerangkan kesan ke atas output, harga, kadar faedah, upah benar dan gunatenaga diberi penurunan perbelanjaan kerajaan. Consider the Keynesian model with a flexible price level and flexible money wage. Using the IS-LM and AD-AS diagram, explain the effects on output, price, interest rate, real wages, and employment, given a decrease in government spending. (10 markah/marks) (b) Bagaimanakah keanjalan permintaan wang terhadap kadar bunga mempengaruhi keberkesanan dasar kewangan? How does interest elasticity of money demand influence the effectiveness of monetary policy? (15 markah/marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Expenditure Decisions In The Urban Community

Authors: Howard G Schaller

1st Edition

1317310985, 9781317310983

More Books

Students also viewed these Economics questions

Question

1. What will happen in the future

Answered: 1 week ago

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago