Q1 Draw indifference curves for a patient consumer compared to an individual with a need for instant gratification" Q2 U
Posted: Wed Jul 06, 2022 6:33 pm
Q1
Draw indifference curves for a patient consumer compared to an individual with a need for instant gratification"
Q2
Use the Keynesian cross diagram to show how a fall in government spending can affect consumption"
Additionally, explain the marginal propensity to consume and explain how it is related to the Keynesian Model of Consumption. What role does the MPC play in the money multiplier?
Q3
What are the impulses and propagation mechanisms of real business cycle theory and Keynesian models?
Q4
Real business cycle theory implies that negative total factor productivity shocks cause recessions. What do you think such shocks might be?
Additionally, draw and explain one cycle of the business cycle, and explain each of the primary theories of the cause of the business cycle.
Draw indifference curves for a patient consumer compared to an individual with a need for instant gratification"
Q2
Use the Keynesian cross diagram to show how a fall in government spending can affect consumption"
Additionally, explain the marginal propensity to consume and explain how it is related to the Keynesian Model of Consumption. What role does the MPC play in the money multiplier?
Q3
What are the impulses and propagation mechanisms of real business cycle theory and Keynesian models?
Q4
Real business cycle theory implies that negative total factor productivity shocks cause recessions. What do you think such shocks might be?
Additionally, draw and explain one cycle of the business cycle, and explain each of the primary theories of the cause of the business cycle.