(Answered) Consider a closed economy with a fixed price level in which

Management Studies

Consider a closed economy with a fixed price level in which investment and government spending are assume to be autonomous and taxes are all lump-sum. Consumption and savings are both directly and linearly related to disposable income. You are given he following information

C=20+0.6Yd

I=10

G=20

T=20

Write down the equation relating consumption and savings to national income and plot these relationship on graph?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92032725
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

During jimmy carters presidency increases in the consumer

During Jimmy Carter's presidency, increases in the Consumer Price Index (CPI) reached double digits. In order to combat this problem, the Carter administration launched a Wage-Price Guidelines program in which businesses ...

During this stage of selecting the optimal supplier a buyer

During this stage of selecting the optimal supplier, a buyer will compile a list of all possible suppliers or at least a reasonable number of potential suppliers.

Nordstrom inc is a seattle-based department store rivaling

Nordstrom Inc. is a Seattle-based department store rivaling the likes of Saks Fifth Avenue, Neiman Marcus, and Bloomingdale's. Nordstrom is a Hall of Fame member of Fortune magazine's "100 Best Companies to Work For" l ...

You are given the following cost functiontc80q--4q201q3a

You are given the following cost function: TC=80Q--4Q^2+0.1Q^3 a. Derive the average variable cost, average cost, and marginal cost equations. b. Over what range of output does economies of scale exist? Diseconomies of s ...

Why was the federal reserve system set up with 12 regional

Why was the Federal Reserve System set up with 12 regional banks rather than one central bank as in other countries? Why was it made an independent quasi-governmental body and not a direct part of the federal government?

What does research show regarding coaching relationships

What does research show regarding coaching relationships and what characteristics are associated with the best coaches?

An it manager claims that an intrusion detection system ids

An IT manager claims that an Intrusion Detection System (IDS) is all the company needs and therefore it should not purchase an Intrusion Prevention System (IPS). Do you agree?

What are the similarities and differences between emotions

What are the similarities and differences between emotions and moods? What are the basic emotions and the basic mood dimensions?

Assume that the class consists of 45 percent freshmen 20

Assume that the class consists of 45 percent freshmen, 20 percent sophomores, 20 percent juniors, and 15 percent seniors. Assume further that 50 percent of the freshmen, 50 percent of the sophomores, 25 percent of the ju ...

What are examples of structures that provide governancewhat

What are examples of structures that provide "governance"? What are examples of positions that provide "management"? How familiar are you with your organization's governance and management?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert