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A small and open country is described using the following two equations:
Y = C Y – T) + I (r* ) + G – N X(e) -------------------------------1
M/P = L(r*, Y) ------------------------------------------------------------------------------2
a. If the country described above suffers from a recession, should the state government use
monetary or fiscal policy to stimulate employment? Why? (8 Marks)
Use the Mundell-Fleming model to answer the following questions about France.
a) If France suffers from a recession, should the state government use monetary or fiscal policy to stimulate employment?
b) If France prohibited the import of wines from Ukrain , what would happen to income, the exchange rate, and the trade balance? Consider both the short-run impacts
The scores of individual students on a national test have a normal distribution with mean 18.6 and standard deviation 5.9. At Bagabag National High School, 76 students took the test. If the scores at this school have the same distribution as national scores, what are the mean and standard deviation of the sample mean for 76 students?
Describe transformative constitutionalism in your own words.
Using the theory of liquidity preference, explain why an increase in the money supply
lowers the interest rate. What does this explanation assume about the price level? (5
marks)
What factors will cause shift in money demand
How to draw a hollow inverted triangle in phython with equal sides and equal symbols
A gas in a cylinder expands from a volume of 0.120 m3 to 0.320 m3. Heat flows into the gas just rapidly enough to keep the pressure constant at 1.60 x 105 Pa during the expansion. The total heat added is 1.15 x 105 J. (a) Find the work done by the gas. (b) Find the change in internal energy of the gas.
what is liquidity trap (3mrks)
Distinguish between (3 marks each)
i. Open market operations and exchange rate
ii. Monetary and fiscal policy
iii. Classical and Keynesian aggregate supply curve
iv. Structural and cyclical unemployment
v. Phillips curve and IS curve
#340153 on Dec 2023