Macroeconomics Answers

C=100+0.8yd G=100 T=0.25y X=150 M=0.25yd I=200 1) What is the level of equilibrium national income? 2) Estimate the budget surplus or deficit at the equilibrium national income. 3) Derive the savings function. Interpret your answer. 4) Define the income multiplier (=k).

why is central bank independence important? state your own veiws

Is economic growth the same as economic development?

what is the typical value for MPC?

Explain the reason the multiplier could decrease in value?

Economically, what is the difference between a supplier side and a stimulate side approach to stimulating the economy?

are unemployment and inflation adequate indicators of the economic health of the nation

aggregate demand is the sum of total domestic spending by private sector. true or false

what is included in the current account?

Briefly explain the difference between savind and dissaving