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Analyse with a graph the effects of an increase in government spending on the IS-LM curve
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- Consider a simple macro model with a constant price level and demand determined output. The equations of the model are c=90+0.36y I=155 G=290’T=125 and IM=0.06Y. A national income of 1100 results in desired aggregate expenditure of…what is The Aggregate Expenditure ModelFrom the graph above, complete the aggregate expenditure function from the information provided. ( AE = ___ + ___Y
- Suppose Mexico, one of our largest trading partners and purchaser of a large quantity of our exports, goes into a recession. Use the AD/AS model to determine the likely impact on our equilibrium GDP and price level.Describe the differences between recessionary and inflanationary gaps.what relationship does LM curve plot? explain in words and graphically, why LM curve slops downward.
- The government announces a cut in the income tax rate. Use the AD/AS model to analyse the short-run effects of this policy on GDP and the price level in the economy.Show the change, if any, from SRAS to SRAS1 with an arrow indicating direction of change and explain why the change.After writing down the Aggregate Expenditure (AE) equation of this economy, find the IS and LM equations, and mention the national income and the interest rate of this economy at the equilibrium level.
