Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The rest of the world in the cross model
Imports Im(Y) depends positively on Y in the cross model
In the classical model, imports doesn't depend on Y. The discussion whether imports relies on Y or not is the same as for consumption. Though in the cross model, it's always presumed that when Y increases, consumption will increase by more than imports. This makes sense because C is generally larger than Y. For instance, Assume that C is 1000 whereas Im is 100 and that Y increases by 10%. If C and Im increase by 5% each, C will increase by 50 whereas Im will increases by only 5.
Net exports NX = X - Im will depend negatively on Y and rest of the world savings SR = Im - X relies positively on Y in cross model. If we want to be explicit about these dependences we write:
NX(Y) = X - Im(Y)
SR(Y) = Im(Y) - X
Analyze the relationship between the production possibilities curve and the circular flow diagram. Discuss how the change of production possibilities curve affects the circular flo
explanations to the short-run fluctuation and pilicy prescriptions of the schools macroeconomics thought
If population growth carry on then there will not be sufficient resources around for everyone this will lead to an event such as famine / war, which will decrease the population.
using a classical labour market , illustrate the effects of a real wage existing in the market that is lower than the equilibrium real wage. what will eventually happen in this lab
The price and quantity of lumber and other building materials has gone up recently. Show graphically and explain what might have caused this.
1.the AD curve represents at the same time the demand for goods, money and labor in the economy 2.in the AS-AD model, higher competition among producers leads to a medium run equil
Explain the adjustment to the new equilibrium price from an increase in demand.
production function
Raising chickens requires several types of feed, such as corn and soy meal. Consider a farm in the former Soviet Union. Try to describe how decisions on the number of chickens to b
Comparative if Person can make 15 wristbands and hour and 3 potholders. What is the comparative advantage? If same person works 20 hours a week graph the possible combinations sh
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd