【中级宏观经济学题目求解.Supposethatpricesarecompletelyrigid,sothatthenominalandtherealinterestratearenecessarilyequal.Money-marketequilibriumisthereforegivenbyM/P_=L(r,Y).a.Supposethatgovernmentpurchasesincrease,an】
中级宏观经济学题目求解
.Supposethatpricesarecompletelyrigid,sothatthenominalandtherealinterest
ratearenecessarilyequal.Money-marketequilibriumisthereforegivenbyM/P
_
=L(r,Y).
a.Supposethatgovernmentpurchasesincrease,andthattheFederalReserveadjusts
themoneysupplytokeeptheinterestrateunchanged.
i.Doesthemoneysupplyriseorfall?
ii.Whathappenstoconsumptionandinvestment?
b.Supposethatgovernmentpurchasesincrease,andthattheFederalReserveadjusts
themoneysupplytokeepoutputunchanged.
i.Doesthemoneysupplyriseorfall?
ii.Whathappenstoconsumptionandinvestment?
c.Supposethatgovernmentpurchasesincrease,andthattheFederalReservekeeps
themoneysupplyunchanged.
i.Doestheinterestrateriseorfall?
ii.Whathappenstoconsumptionandinvestment?