23 Jul WHAT IS THE DIFFERENCE BETWEEN THE TWO IS CURVES?
vI need help with d) &e) (Assuming I got the other questions correct: Consider the following economy Show more I need help with d) &e) (Assuming I got the other questions correct: Consider the following economy Ca = 1800 ; c = 0.8 ; T = 1200 + 0.20 Y; IP = 1800 ; G = 2000; NX = 600 0.08 Y. a) What is the value of the autonomous Tax Ta ( Hint: see the formula and compare) my answer Ta = 1200 b) Compute the value of the multiplier my answer mps = 1-c 1-.8 = .2 multiplier = 1/.2 multiplier = 5 c) Derive the equation of the autonomous spending my answer Ap = Ca C*Ta+I+G+NXa Ap = 1800 .8(1200) + 1800 + 2000 + 600 = 5240 d) Find the equation of the IS curve e) Compute the new IS curve when government spending increases by 100.What is the difference between the two IS curves? Show less
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