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Given that in an economy, Given that in an economy, C = 102+0.7Y, I=150-100r, MS =300, Mt = 0.4Y, and Mz=125-200r where, Y= income, C= consumption, I= investment, MS= money supply, Mt= transactional-precautionary money demand, Mz= speculative money demand and r= interest rate. Calculate; 1. The equilibrium level of income and interest rate in this economy. 2. The level of C, I, Mt, and Mz when the economy is in equilibrium. Now, assuming the economy is open with government (G) participation and external trade which is summarized as follows; export(X)= 100-0.10Y, import(M)=50, G=100, Taxes(T)= 100 and C, I, MS, Mt, and Mz the same as defined in (a) above. Calculate; 1. The equilibrium income and interest rate in this new economy. 2. The level of C, I, Mt, and Mz when the economy is in equilibrium. 3. Assuming capital is perfectly mobile in this economy, graphically sketch the IS-LM-BOP frame work of this economy. Comment on the balance of payment situation in this economy.
The Renaissance is a period in Europe, from the ________________________. A) 18th to the 20th century B) 14th to the 17th century C) 11th to the 13th century D) 7th to the 10th century
How is Technology changing Social Interaction?