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Help with 7~10??? Consider the following national income model {with taxes ignored]: Real Sector: vCmI [i]-Ga= (meat; I'm} Money Market: 1:? + L[i) M, =

Help with 7~10???

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Consider the following national income model {with taxes ignored]: Real Sector: vCmI [i]-Ga= (meat; I'm} Money Market: 1:? + L[i) M,\" = II} {k= positive constant; LED] Analyze the comparative statics of the model due to monetary and scal policies. To do this analysis, follow the steps: 1} Check if Implicit Function Theore- applies. 2} Write down the equilibrium identies. To ERIE the effect of munch!!! Eu Egg: 3} Setup the matrix; equation assuming that Man. is a disequilihrating factor; 4} Take partial derivatives of Y\" and 1 with respect to Man, 5} Determine the signs of partial derivatives in (4); 6} What is the economic interpretation of the signs of partial derivatives in (5]? To analE the e'ect of scal policy: T} Semp the matrix equation assuming that Go is a disequilihrating factor; 3} Take partial derivatives of Y\" and i with respect to Go; 9) Determine the signs of partial derivatives in (4); I'll) What is the economic interpretation of the signs of partial derivatives in (9]

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