Question
The following model represents the real goods sector of an economy: c = 4+.8(Y-T)-.1r I = 3-.3r g=5 T=5 NX =2-.1r 1. Find the IS
The following model represents the real goods sector of an economy:
c = 4+.8(Y-T)-.1r I = 3-.3r g=5 T=5 NX =2-.1r
1. Find the IS curve.
2. if the MP curve is: r= 2 + pi, Find the Aggregate Demand curve.
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
6th Canadian Edition
321675606, 978-0321675606
