Answer to Question #37328 in Macroeconomics for Paul

Question #37328
Consider the following IS/LM model for a closed economy C=400+0.4yd ,I=200+0.3y-2000i, G=360,T=400 ,m/p=4y-100000i ms=2600 (10 marks) i. Derive the IS equation Y = C + I + G ii. Derive the LM equation iii. Solve for equilibrium real output iv. Solve for the equilibrium interest rate v. Solve for equilibrium value of consumption and investment An open macroeconomic model is represented parametrically as follows
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Expert's answer
2013-12-06T11:23:12-0500
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