Let The Canadian Economy Be Described Below You Are An Economist In The Department Of Finance Ottawa C 55 0 8yd Y 1 (26.31 KiB) Viewed 31 times
Let The Canadian Economy Be Described Below You Are An Economist In The Department Of Finance Ottawa C 55 0 8yd Y 2 (11.71 KiB) Viewed 31 times
Let the Canadian economy be described below. You are an economist in the Department of Finance, Ottawa. C = 55 +0.8Yd (Yd is disposable income) 1 = 300 (Investment spending) G = 140 (Government purchases) NT = 0.1Y (Net taxes) X = 205 (Exports are constant) IM = 0.22Y (Imports depend positively on our own Y)
d) Oil prices have been rising recenty Higher crude oil prices translate to higher costs for gasoline, plastic and many products Suppose the higher oil prices translate to our investment spending droppe from 300 to 100 due to a weaker investment confidence. Find the new Y Y-O e) Find the DB as a result of the drop in investment spending BB-D f) is this change in 55 due to an increase in government spending, Le, is the Canadian government to be blarned? Ⓒ Yes O No
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