Answer to Question #293600 in Macroeconomics for caro202109

Question

Consider an economy described by the following equations:

C= 600+9Y

I=300-2000i

G=30

X=250

IM=60+0,2Y

MS=200

MD=0,2Y-2000i

What is the change in the short-run equilibrium level of production, if the level of exports becomes four times higher?

Consider an economy described by the following equations:

C=70+0,5Y

I=50-2000i

G=120

X=110

IM=40+0,2Y

MS=40

MD=0,2Y-2000i

What is the level of government expenditures that balances net exports in the short-run equilibrium?

Consider an economy described by the following equations:

C=140+0,8Y

I=200-2000i

G=60

IM=50+0,25Y

MS=300

MD=0,1Y-2000i

u=1-Y/L

F(u,z)=1-6u

If total labor force equals 3000 and the profit margin equals 3/7, what is the natural level of unemployment in the medium-run equilibrium?

Answer 1

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