Use this information to determine your economy’s original AEP, AP, and IS curve. C=500-10r+0.9YD Ip=250-40r G=390...

Use this information to determine your economy’s original AE_P, A_P, and IS curve.

C=500-10r+0.9Y_D

Ip=250-40r

G=390

T=100+0.1Y

X=600

M=400+0.06Y

Use the four graphs we developed in class to determine the IS curve for this economy with r=0 and r=5. Show how the following change would affect this economy. You need to determine what has changed in the economy, what parts of the economy it affects, and how it changes the IS curve. Be sure to address any shifts as well as changes in slopes that may occur. You must show these changes mathematically, graphically, and then describe these changes verbally.
1. M = 400+0.01Y
Now, what happens to the economy when this change occurs? Return to your original equations. Suppose Consumers decide that credit is a good way to finance their expenditures on durables, so they become more interest sensitive, C=500-50r. Determine what has changed in the economy, what parts of the economy it affects, and how it changes the IS curve. Be sure to address any shifts as well as changes in slopes that may occur. Show these changes mathematically and graphically.

this is a two part answer please help :)

Expert Solution

Rahul Sunny answered 1 year ago

be original and use your own word. At least 250 words. Are market supply curves typically...

be original and use your own word. At least 250 words. Are market supply curves typically more elastic in the short run or in the long run? Explain.

GDP = C + I + G + Xn Use the information below to fill in...

GDP = C + I + G + Xn Use the information below to fill in the blanks in the table. Add only the things that are included in GDP to get the nominal GDP. Omit things not counted in GDP. (I filled in a few answers just to help you get started.) Remember: Real GDP = (Nominal GDP/implicit price deflator) * 100 (All dollar amounts in billions) economic activity Does this count in GDP? If so, where? C, I,...

You pour 100 g of cold milk (T_m=5 degrees C) into your 500 g hot coffee...

You pour 100 g of cold milk (T_m=5 degrees C) into your 500 g hot coffee (T_c=80 degrees C) and mix them together. Assume this is an isolated system in which no heat is lost to the cup or surrounding air. Specific heat of milk: c_m= 3.97 J/(g°C), specific heat of coffee: c_c= 4.184 J/(gºC) a. What is the final temperature of your drink after the milk and coffee are in thermal equilibrium? b. What happened to the temperature of...

1. For the next two questions use the following information to determine your answers. A random...

1. For the next two questions use the following information to determine your answers. A random sample of 230 workers at a company were surveyed about their satisfaction with their life. The answer about their satisfaction (not, somewhat, very) was recorded along with their annual wages (1 = $20K - $35K, 2 = $35K - $50K, 3 = $50K - $75K, 4 = $75K - $90K). Below is the gathered data. Assuming there’s no relationship between income and life satisfaction,...

Use standard enthalpies of formation to calculate ΔH∘rxn for the following reaction: C(s)+H2O(g)→CO(g)+H2(g) Express your answer...

Use standard enthalpies of formation to calculate ΔH∘rxn for the following reaction: C(s)+H2O(g)→CO(g)+H2(g) Express your answer using four significant figures. Use standard enthalpies of formation to calculate ΔH∘rxn for the following reaction: N2O4(g)+4H2(g)→N2(g)+4H2O(g) Express your answer using four significant figures.

(1) Determine the length of the curve y= 3 + 2x^(3/2) for 0 ≤ x ≤ 2. You can use your calculator at the last step (after the integration) to determine the approximate length, or you may keep it exact.

Please answer all 3 questions and explain . thank you. (1) Determine the length of the curve y= 3 + 2x^(3/2) for 0 ≤ x ≤ 2. You can use your calculator at the last step (after the integration) to determine the approximate length, or you may keep it exact. (2) Set up, but do not evaluate an integral for the surface area obtained by rotating the curve y = x^3+ 4, 1 ≤ x ≤ 5 (a) about the...

Question