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1. Using the formula from above, what is the Aggregate Demand function?
2-Suppose real money demand is describe by equation L(i,Y) = 8 - 2i + 0.5Y and assume that income is Y = $10 billion and real money supply is $7 Billion. What is the money demand formula?
3-What is the equilibrium (nominal interest rate?
4-If the central bank increases the real money supply to $4 billon calculate the new interest rate?
2- The government has been running deficits for the past year and decides it must balance the budget, so it increases taxes to $1.2 billion, Explain how this changes the IS curve?
<p>Enter a Temperature to Convert in the field below and select the starting scale.</p>
<input type="text" name="txtTemp" id="txtTemp" placeholder="Enter a Temperature" />
<input type="radio" id="radFahrenheit" name="radTemp" checked/>Fahrenheit to Celsius
<input type="radio" id="radCelcius" name="radTemp"/>Celsius to Fahrenheit
<button name="btnConvert" id="btnConvert">Convert</button>
and heres this:
temp = parseInt(document.getElementById('txtTemp').value);
outputArea = document.getElementById('divResults');
var radF = document.getElementById('radFahrenheit');
var radC = document.getElementById('radCelsius');
//Call Fahrenheit to Celsius
//Call Celsius to Fahrenheit
//Fahrenheit to Celsius
C = (temp - 32) * (5 / 9);
outputArea.innerHTML = temp + " in Fahrenheit is " + C + " in Celsius.";
//Celsius to Fahrenheit
F = (temp * (9 / 5)) + 32;
outputArea.innerHTML = temp + " in Celsius is " + F + " in Fahrenheit.";