Question 3 a) You are given the following information. C= 200 + 0.85 Yd I= RM 815 billion G= RM500 billion T= RM 40 billion X= RM750 billion M= RM 242 billion i) Calculate MPC and MPS. Explain your answer. ii) Derive saving function. i11) Calculate and draw equilibrium level of the output in three sectors? b) Explain THREE (3) types of government policies. c) Is it possible to achieve full employment and maintain price stability? Argue.
Question 3 a) You are given the following information. C= 200 + 0.85 Yd I= RM 815 billion G= RM500 billion T= RM 40 billion X= RM750 billion M= RM 242 billion i) Calculate MPC and MPS. Explain your answer. ii) Derive saving function. i11) Calculate and draw equilibrium level of the output in three sectors? b) Explain THREE (3) types of government policies. c) Is it possible to achieve full employment and maintain price stability? Argue.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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part B and C

Transcribed Image Text:Question 3
a) You are given the following information.
C= 200 + 0.85 Yd
I= RM 815 billion
T= RM 40 billion
X= RM750 billion
M= RM 242 billion
G= RM500 billion
i) Calculate MPC and MPS. Explain your answer.
ii)
Derive saving function.
i11)
Calculate and draw equilibrium level of the output in three sectors?
b) Explain THREE (3) types of government policies.
c) Is it possible to achieve full employment and maintain price stability? Argue.
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