Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 29 Oct 2017 My Price 8.00

equilibrium values of output

An economy is described as follows

In this economy the government always has a balanced budget, so T = G, where T is total taxes collected.

a. Suppose that M = 4320 and G = 150. Use the classical IS–LM model to find the equilibrium values of output, the real interest rate, the price level, consumption, and investment.

b. The money supply rises to 4752. Repeat Part (a). Is money neutral?

c. With the money supply back at 4320, government purchases and taxes rise to 190. Repeat Part (a). Assume for simplicity that Y is fixed (unaffected by G). Is fiscal policy neutral in this case? Explain.

 

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Maurice Tutor
(5)
Status NEW Posted 29 Oct 2017 09:10 PM My Price 8.00

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