宏观经济作业代写 宏观经济
宏观经济作业代写 Below, I have written an economic situation. For each, please state how the condition alters the IS, LM, AD, SRAS and LRAS…
- Below, I have written an economic situation. For each, please state how the condition alters the IS, LM, AD, SRAS and LRAS curves discussed in class. Assume you are comparing the conditions below to the standard model described in class and in chapters 10, 11 and 13 of Mankiw. Not all changes impact all curves so be careful. Appropriate (but not an exhaustive list of) answers may include: steeper, shallower, vertical, horizontal, shifted right, shifted left, movement along a curve, and any others that may pertain. (4 ea.)
a.Investment spending is a positive function of national income.
b.Taxes are a positive function of income rather than a lump sum amount.
c.Income has no impact on money demand. 宏观经济作业代写
d.The price level rises.
e.Expectations of future prices increase.
5.
a.Given a per capita production function of y = k.5, a savings rate of 10%, a depreciation rate of 2%, a technological growth rate of 1%, and population growth of 3%, what is this economy’s steady state level of output per capita. In a sentence, describe over time what is happening to this economy’s level of RGDP when the economy is in the steady state. (15)
