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there are 2 question 1. (IS-LM-BP Model: 10 points) Assume imperfect capital mobility. If the last digit of your student ID is an even number
there are 2 question 1. (IS-LM-BP Model: 10 points) Assume imperfect capital mobility. If the last digit of your student ID is an even number (0, 2,..., 8), assume a fixed exchange rate. If it is an odd number (1,3,..., 9), assume a flexible exchange rate. If the last digit of your student ID is less than 5 (0-4), assume that the BP schedule is steeper than the LM schedule. If it is more than or equal to 5 (5-9), assume that the BP schedule is flatter than the LM schedule. Analyze the effect of an expansionary fiscal policy. Draw the IS-LM-BP model. Explain in details. The last digit of your student ID: _ 2. (Solow Growth Model: 20 points) Compose a story with a fictional situation or event. Then, apply the full Solow growth model with technological progress to your story. You may analyze the situation/event and give suggestions. You must come up with a story on your own. Beware of plagiarism. Your answer will be graded based on your creativity and ability to apply the model
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