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Use an ISLM model to analyse the effects of an increase in government expenditures on the interest rate and
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- The life cycle model of consumption argues that people consume and save in different proportions as they age. Seniors tend to consume more than save as their lives adjust to the realities of old age. Assuming the hypothesis is true, how would the aging of the very large baby boomer generation affect consumption and income?How do changes in consumer spending patterns impact the accuracy of short-term economic forecasting models?What is the Euler equation for consumption, and what is its economicinterpretation?
- Find the value of MPC if MPS is 0.4.Explain the criticism of life cycle theory of consumption and highlight the importance of economic modelsUse an ISLM model to analyse the effects of an increase in government expenditures on the interest rate and GDP,(i) in the case where the IS curve is quite flat and the LM curve is quite step,
- The following graph shows the market for loanable funds. For each of the given scenarios, adjust the appropriate curve on the graph to help you complete the questions that follow. Treat each scenario separately by resetting the graph to its original state before examining the effect of each individual scenario. (graph in image) Scenario 1: Suppose savers either buy bonds or make deposits in savings accounts at banks. Initially, the interest income earned on bonds or deposits is taxed at a rate of 20%. Now suppose there is an increase in the tax rate on interest income, from 20% to 25%. Shift the appropriate curve on the graph to reflect this change. This change in the tax treatment of interest income from saving causes the equilibrium interest rate in the market for loanable funds to (a. fall, b. rise) and the level of investment spending to (a. increase, b. decrease). Scenario 2: An investment tax credit effectively lowers the tax bill of any firm that purchases…A rise in the interest rate would cause a (Click to select) v on the Demand of Loanable Funds (Investment function).What is the definition for the multiplier process
- Which of the following quarterly real GDP scenarios would be considered a recession? Scenario A: Q1 GDP 5.4 Billion, Q2 GDP 5.6 Billion, Q3 GDP 5.4 Billion, Q4 GDP 5.2 Billion Scenario B: Q1 GDP 5.4 Billion, Q2 GDP 5.2 Billion, Q3 GDP 5.4 Billion, Q4 GDP 5.5 Billion Scenario C: Q1 GDP 5.4 Billion, Q2 GDP 5.1 Billion, Q3 GDP 5.7 Billion, Q4 GDP 5.2 BillionGiven the following on a closed economy.C = 40 + 0.8Yd C= consumptionI = 55 – 200r I= InvestmentG = 20 G = government spendingT = 20 T = TaxesYe = 400 Ye = National Incomer = rate of interest Determine the level of investmentUsing the circular flow model, explain what might happen to the level of income of an economy if it experiences an increase in exports and an increase in taxes.