Q4. Suppose that the economy is characterized by the following behavioral equations: C = 160+ 0.6YD YD= Y-T 1= 150 G= 150 T= 100 (1) Please solve for equilibrium GDP, Y (2) Please solve for disposable income YD
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- A. Suppose that the economy is characterized by the following behavioral equations: • • C = 160+ 0.6 Yd I = 150 • G = 150 • T = 100 a) Identify or solve the following: • C1 • (1-C₁) . Y • Ya . C • multiplier • A . Z • Sprivate • Spublic b) If the government decides to decrease its spending by 40, ceteris paribus, identify or solve the following: C₁ • (1-C₁) . Y • Yd • C • multiplier . A . Z • Sprivate • SpublicYou are an economic advisor to the government. Discuss your opinion . a) How COVID-19 pandemic will affect the consumption behavior as well as the investment done by the firms and household for the next two years? b) What are the actions or policies that the government can implement to face this situation? please answers with analysis and --graph (if possible)if we are studying the relationship .4 between consumption (C) and disposable income (Yd), wealth (W) then we reach the following results Ci=20+ 0.75*Ydi + 0.01*Wi if Ydi=1000, wealth =10000 and disposable income Yd increase by 100 then consumption will change * ???????????????by
- Explain the term random walk in consumption. Under what conditions will consumption follow such a behaviour?.Suppose that the economy is characterized by the following behavioral equations: C = 180 + 0.7OY, | = 150 G = 190 %3D T= 120 a.) Equilibrium GDP (Y) = b.) What is the level of disposable income (YD)? (Round your response to two decimal (Round your response to two decimal places) places) c.) What is the level of consumption spending? (Round your response to two decimal places)Smoothing consumption and income are motivations for several actions that individuals take- saving, borrowing, lending, investment... it is also an optimal individual choice to overcome the impacts of unemployment and recession. Write an essay on the role, importance and methods of consumption (and income) smoothing in the study of macroeconomics. You may use figures, diagrams and tables to suppprt your answer.
- What are the relationships between TP, MP and AP curves?B. Suppose that the economy is characterized by the following behavioral equations: C = 240 +0.75 Ya I = 200 • • G = 200 • T = 150 b) If investment decreases by 50, ceteris paribus, identify or solve the following: ● C1 (1-q₁₂) Y • Ya • C • multiplier • A • Z • Sprivate Spublic196 PART II The Core of Macroeconomic Theory 45 line A C+1 1200 450 300 900 1,300 Aggregate output, Y Use the graph to answer the following questions a) What is the value of MPC? b) What is the value of MPS? Planned aggregaic apenditure, AE