# Answer on Macroeconomics Question for KELVIN

Question #36556

An open macroeconomic model is represented parametrically as followY=Io+Go+X0-M, M=mo+m1yd,C=co+c1yd, T=tY and Yd=T-T

(i) Compute the equilibrium income

(ii) Derive any two multipliers in respect to the endogenous variables

(iii) Interpret the multipliers and explain their significance in policy context

(i) Compute the equilibrium income

(ii) Derive any two multipliers in respect to the endogenous variables

(iii) Interpret the multipliers and explain their significance in policy context

Expert's answer

Need a fast expert's response?

Submit orderand get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

## Comments

## Leave a comment