Homework Answers
Add Answer to:
15.2.2
15.2.1 Consider the following macroeconomic model: Y = C+1, C = a +by (a >...
4. (28 pts) Consider the following macroeconomic model: Y C M = C + Io +...
4. (28 pts) Consider the following macroeconomic model: Y C M = C + Io + Xo - M = a +bY = u +mY a> 0 and 0 <b<1 u> 0 and 0 <m < 1 The three endogenous variables are Y (income), C (consumption), and M (imports). The variables I. (investments) and X. (exports) are exogenous. Also, a, b, u and m are exogenous constants satisfying the restrictions presented above. (a) Write this system as a 3 x...
. Consider the following macroeconomic model Y C+ C f(Y T) T=qBY where Y is GDP,...
. Consider the following macroeconomic model Y C+ C f(Y T) T=qBY where Y is GDP, C is consumption, T' denotes taxes, and a and B are con- stants. Assume that f'€ (0,1) and 8 (0, 1). (a) From above given system of equations derive the equation Y B)Y a)I (b) Differentiate the equation in (a) implicitly w.r.t. I and find an expres- sion for dy/dI (c) Examine the sign of dy/dI and comment on your findings. (d) Give economic...
EC2040-5 Question 2 [40 points] Consider the following macroeconomic model: Y=C+10 + Go c-a+b(Y-T) Where the...
EC2040-5 Question 2 [40 points] Consider the following macroeconomic model: Y=C+10 + Go c-a+b(Y-T) Where the endogenous variables are Y,c and T, while the exogenous variables are Go and lo. The parameters are such that a > 0,d 0,0 < b a) Set up the model in matrix form. [5 points] b) Find the inverse of the matrix of parameters [10 points] c) Use Cramer's rule to find equilibrium income Y and equilibrium taxes [10 points] d) Find and discuss...
in the macroeconomics model below matrix In the macroeconomic model below, Y is aggregate output, C...
in the macroeconomics model below matrix
In the macroeconomic model below, Y is aggregate output, C is aggregate consump- tion, Io is aggregate investment, Go is government spending, T is the total amount of taxes collected by the government, and t is income tax rate. The variables Y, C, and T are en dogenous, Go, lo, and t are exogenous, and a, b, and k are parameters. Express this system of equations in a matrix form, clearly wrting out and...
2. Consider the National Income model given by the following equations. Y-C-I.-G, = 0 C-a-B(Y -...
2. Consider the National Income model given by the following equations. Y-C-I.-G, = 0 C-a-B(Y - T) = 0 T-y-SY=0 where Y, C, and T are endogenous variables and I., G., a, b, Y, 8 are exogenous and B and 8 are positive fractions. Use Cramer’s Rule to find the effect of a change in G, on Y and C.
6) In the macroeconomic model below, Y is aggregate output, C is aggregate consump- tion, I....
6) In the macroeconomic model below, Y is aggregate output, C is aggregate consump- tion, I. is aggregate investment, Go is government spending, T is the total amount of taxes collected by the government, and t is income tax rate. The variables Y, C, and T are en- dogenous, Go, Io, and t are exogenous, and a, b, and k are parameters. Express this system of equations in a matrix form, clearly writing out and labeling each of the matrices....
6) In the macroeconomic model below, Y is aggregate output, C is aggregate consump- tion, Io...
6) In the macroeconomic model below, Y is aggregate output, C is aggregate consump- tion, Io is aggregate investment, Go is government spending, T is the total amount of taxes collected by the government, and t is income tax rate. The variables Y, C, and T are en- dogenous, Go, Io, and t are exogenous, and a, b, and k are parameters. Express this system of equations in a matrix form, clearly writing out and labeling each of the matrices....
6) In the macroeconomic model below, Y is aggregate output, C is aggregate consump- tion, Io...
6) In the macroeconomic model below, Y is aggregate output, C is aggregate consump- tion, Io is aggregate investment, Go is government spending, T is the total amount of taxes collected by the government, and t is income tax rate. The variables Y, C, and T are en- dogenous, Go, Io, and t are exogenous, and a, b, and k are parameters. Express this system of equations in a matrix form, clearly writing out and labeling each of the matrices...
Recall the IS-LM model. In particular, the goods-market equilibrium condition was Y = C (Y −...
Recall the IS-LM model. In particular, the goods-market equilibrium condition was Y = C (Y − T ) + I (r) + G, and the money-market equilibrium condition was m = L (r, Y ). Here, the exogenous variables are G (government spending), T (taxes), and m (real money supply). The endogenous variables are Y (output, or income) and r (real interest rate). C (·) is the consumption function, which is increasing in disposable income Y − T , but...
4. Points = 18. Consider IS-LM Model: Real Sector: Y=C+I+G C = a +b (1-t) Y...
4. Points = 18. Consider IS-LM Model: Real Sector: Y=C+I+G C = a +b (1-t) Y I=d-ei G=Go t-income tax rate i-rate of interest Money Market: Ma=M Ma= kY-li Mg = Mo Mo - exogenous stock of money 1) Setup the system of solutions in general form, with variables vector in the following order: Y, C, I, i; (6 points) 2) Now, suppose we have the following values of parameters: a = 10; b = 0.7; t = 0.2; d...
4. (28 pts) Consider the following macroeconomic model: Y C M = C + Io + Xo - M = a +bY = u +mY a> 0 and 0 <b<1 u> 0 and 0 <m < 1 The three endogenous variables are Y (income), C (consumption), and M (imports). The variables I. (investments) and X. (exports) are exogenous. Also, a, b, u and m are exogenous constants satisfying the restrictions presented above. (a) Write this system as a 3 x...
. Consider the following macroeconomic model Y C+ C f(Y T) T=qBY where Y is GDP, C is consumption, T' denotes taxes, and a and B are con- stants. Assume that f'€ (0,1) and 8 (0, 1). (a) From above given system of equations derive the equation Y B)Y a)I (b) Differentiate the equation in (a) implicitly w.r.t. I and find an expres- sion for dy/dI (c) Examine the sign of dy/dI and comment on your findings. (d) Give economic...
EC2040-5 Question 2 [40 points] Consider the following macroeconomic model: Y=C+10 + Go c-a+b(Y-T) Where the endogenous variables are Y,c and T, while the exogenous variables are Go and lo. The parameters are such that a > 0,d 0,0 < b a) Set up the model in matrix form. [5 points] b) Find the inverse of the matrix of parameters [10 points] c) Use Cramer's rule to find equilibrium income Y and equilibrium taxes [10 points] d) Find and discuss...
in the macroeconomics model below matrix
In the macroeconomic model below, Y is aggregate output, C is aggregate consump- tion, Io is aggregate investment, Go is government spending, T is the total amount of taxes collected by the government, and t is income tax rate. The variables Y, C, and T are en dogenous, Go, lo, and t are exogenous, and a, b, and k are parameters. Express this system of equations in a matrix form, clearly wrting out and...
2. Consider the National Income model given by the following equations. Y-C-I.-G, = 0 C-a-B(Y - T) = 0 T-y-SY=0 where Y, C, and T are endogenous variables and I., G., a, b, Y, 8 are exogenous and B and 8 are positive fractions. Use Cramer’s Rule to find the effect of a change in G, on Y and C.
6) In the macroeconomic model below, Y is aggregate output, C is aggregate consump- tion, I. is aggregate investment, Go is government spending, T is the total amount of taxes collected by the government, and t is income tax rate. The variables Y, C, and T are en- dogenous, Go, Io, and t are exogenous, and a, b, and k are parameters. Express this system of equations in a matrix form, clearly writing out and labeling each of the matrices....
6) In the macroeconomic model below, Y is aggregate output, C is aggregate consump- tion, Io is aggregate investment, Go is government spending, T is the total amount of taxes collected by the government, and t is income tax rate. The variables Y, C, and T are en- dogenous, Go, Io, and t are exogenous, and a, b, and k are parameters. Express this system of equations in a matrix form, clearly writing out and labeling each of the matrices....
6) In the macroeconomic model below, Y is aggregate output, C is aggregate consump- tion, Io is aggregate investment, Go is government spending, T is the total amount of taxes collected by the government, and t is income tax rate. The variables Y, C, and T are en- dogenous, Go, Io, and t are exogenous, and a, b, and k are parameters. Express this system of equations in a matrix form, clearly writing out and labeling each of the matrices...
4. Points = 18. Consider IS-LM Model: Real Sector: Y=C+I+G C = a +b (1-t) Y I=d-ei G=Go t-income tax rate i-rate of interest Money Market: Ma=M Ma= kY-li Mg = Mo Mo - exogenous stock of money 1) Setup the system of solutions in general form, with variables vector in the following order: Y, C, I, i; (6 points) 2) Now, suppose we have the following values of parameters: a = 10; b = 0.7; t = 0.2; d...
Most questions answered within 3 hours.
-
Little’s Law: Val d’Costa is a world famous ski village in the
French Alps. Because of...
asked 22 minutes ago -
Find the absolute error D for the calculation if A + B/C=D A=
9.4 +/- 0.4...
asked 35 minutes ago -
New Air Heating and Cooling, manufactures furnaces and central
air units. The company pride itself on...
asked 49 minutes ago -
A coach uses a new technique to train gymnasts. Seven
gymnasts were randomly selected and their...
asked 2 hours ago -
While rotating the tires on your car you notice a rock [mass =
0.1 Kg] stuck...
asked 4 hours ago -
Using MARS simulator, write MIPS programs according to
the following scenarios: Receive a positive integer number...
asked 6 hours ago -
An object in front of a concave mirror has a real image that is
11.5 cm...
asked 6 hours ago -
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 8 hours ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 8 hours ago -
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 257 accurate...
asked 8 hours ago -
Identify and describe in detail the four categories of
institutions that could be included in a...
asked 8 hours ago -
In python
class Customer:
def __init__(self, customer_id, last_name, first_name, phone_number, address):
self._customer_id = int(customer_id)
self._last_name =...
asked 9 hours ago