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I have those very simple beginner level macroeconomics questions. AutoSave OFF w- Macroeconomics HW1 Sp 2020 - Saved to my Mac Q Q v Home

I have those very simple beginner level macroeconomics questions.

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AutoSave OFF w- Macroeconomics HW1 Sp 2020 - Saved to my Mac Q Q v Home Insert Draw Design Layout References Mailings Review View Acrobat Share Comments Times New... v 12 A A Aa Ap AaBbCcDdEe AaBbCcDdEe AaBbCcDc Paste BI Uvab X X A LA Normal No Spacing Heading 1 Styles Dictate Sensitivity Create and Share Request Pane Adobe PDF Signatures 3. Consider the following Keynesian economy: C= 1000 + 0.9(Y d) I = 10000 G = 20000 Tx = 20000 Tr = 5000 Calculate equilibrium GDP. Check your calculation by showing that Y = C + I + G. What would happen to GDP if Transfers were decreased by 2000? Show how that change is distributed across the three sectors of the economy: Fill in the blanks: AY = AC + AI + AG How would this decrease in Transfers affect Savings? Page 1 of 2 97 of 296 words English (United States) Focus E + 140%AutoSave .0\" {5' Q C) Q: : I Macroeconomics HW1 Sp 2020 Q (9 V Home Insert Draw Design Layout References Mailings Review View Acrobat '35hare Geomments 2% 1T I AaBchDdEe AaBbCeDdEe AaBchDc 9Q L!J V R8 V [E g4, Normal Nu Spacing Heading I Styles Dictate Sensitivity Create and share Request Pane Adobe PDF Signatures [an v A TimesNewN. v 12 v A\" AV Aav A) :E v 2 v a; v 2 Fasleg BIvabxzx 4. Suppose the banking system in an economy looks like this aer an open market operation: ASSETS LIABILITIES Reserves $2B | DD $10B Loans $43 | Bonds $48 | and the reserve requirement is 10%. If banks never hold any excess reserves, and people never hold any cash in their pocket, how much would the money supply increase? Suppose banks always keep excess reserves of 2% of their demand deposits. How much would the money supply increase in that case? Under normal circumstances, how would that open market operation affect interest rates? And how would that affect GDP? Page 2 of 2 296 words [13 English (United States) . . Focus n Fe \\J + 140%

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