Question
Consider an economy described by the following
equations: C = 100 + 0.6 ∗ (Y − T) (consumption function) I = 200 − 1000 ∗ r (investment function) G = T = 100 (government purchase and tax) where Y is the national income and r is the interest rate. Derive the IS curve.Solution
Equalize the planned expenditure and actual expenditure to obtain an equation that relates Y and r.
The IS curve can be derived as 0.4Y + 1000r = 340.
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It is unfortunate that the President take the decision in such haste, without even giving us a chance to speak.
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Expenses had be greater than she had calculated.
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Select the most appropriate segment to substitute the bold segment of the given sentence. If substitution is not required select ‘no improvement’.
Of the four given options, choose the most appropriate one.
Improve the bold part of the sentence. Choose ‘No improvement’ as an answer if the sentence is grammatically correct.
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In the following question, sentences are given with a part in bold. The given phrase in bold may or may not contain an error. The options following can...
In the following questions, sentences are given with a part in bold. The given phrase in bold may or may not contain an error. If phrase has error, one...
