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PLEASE I NEED 2-5 2. Rewrite the market model (3.12) in the format of (4.1) with the variables arranged in the following order: Qal, Q...
PLEASE I NEED 2-5
2. Rewrite the market model (3.12) in the format of (4.1) with the variables arranged in the following order: Qal, Q... Qar. Qua. A. P. Write out the coefficient matrix, the variable vector, and the constant vector 3. Can the market model (3.6) be rewritten in the format of (4.1)? Why? 4. Rewrite the national-income model (3.23) in the format ol (4.1), with Y as the first vari- able. Write out the coeficient matrix and the constant vector 5. Rewrite the national income model of Exercise 3.5-1 in the format of (4.1), with the variables in the order Y, T. and C (Hint: Watch out for the multiplicative expression b(Y-T) in the consumption function] Qui-x = 0 Qa = Qu + a: P+QP Q.1 = b + b 2 +bP3 Q2-0.2 = 0 Q1 = + P + 2 P 2,2 = Botki Pi + PP (3.12) Qu= Q. = 4-p2 l. = 4P-1 (3.6) Y=C+I+G C = a + by (a > 0, 0 0, 0 0, 0Step by Step Solution
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