2)The below five graphs show the development of key macroeconomic variables over thescope of three years in a certain country. Use them to draw an IS-LM-PC graph thatcaptures the development in this country. Explain carefully what has happened.GYt3)China currently (2016) has a household saving rate of about 36 %. It has never beenbelow 27 % in the last 30 years. What role do you think this high saving rate has forChina's economic success?It has been argued that the low standard of living in many less developed countriesdepend on their poor institutions. Explain carefully what kind of "institutions" thisargument refers to.4)5)The Swedish Fiscal Policy Council discusses public debt policy in a low interestenvironment in their latest report. The argue that "there are strong arguments in favourof low public debt despite low interest rates. For private operators, it may be rational toincrease debt in a low interest rate climate, but this is not necessarily the case for thestate". Why is that so?

The below five graphs show the development of key macroeconomic variables over the scope of three years in a certain country. Use them to draw an IS-LM-PC graph that captures the development in this country. Explain carefully what has happened.

The below five graphs show the development of key macroeconomic variables over the scope of three years in a certain country. Use them to draw an IS-LM-PC graph that captures the development in this country. Explain carefully what has happened.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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