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> Macroecomics Help > Have Answer Don't Know How To Get It.
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Cronky
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#1
Feb 12 2020 12:21pm
Consider a macro model with demand - determined output. The equations are C=180 +0.8Yd, Yd = Y-T, I=400, G=600, T=.2Y X=120, and IM=0.14Y. What would be the z for this economy
The answer is 0.50
I missed this class and can't find it in great definition in the book. Could someone explain to me how to get this answer. Thanks!
Cronky
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#2
Feb 12 2020 12:42pm
"z" = MPC (in a closed economy no government)
"z" = MPC(1-t)-m (in an open economy)
This is all the information I can give you.
I have mid-terms in 3 hours and this is one of the only things I dont' understand. Would really appreciate the help!
Cronky
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#3
Feb 12 2020 04:02pm
I figured it out...
B(1-t)-IM
.8(1-.2)-.14=.50
So obvious answer right infront of me lol.
M2groove
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#4
Feb 12 2020 05:14pm
Quote (Cronky @ Feb 12 2020 03:02pm)
I figured it out...
B(1-t)-IM
.8(1-.2)-.14=.50
So obvious answer right infront of me lol.
:thumbsup:
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