1- Given the following functions; `C=100+0.8Y`, `I=120-5i`, `M_s=120` and `M_d=0.2Y-5i` Find; a- IS function, b- LM function, c- Equili…
Read more1- Introduction The study of product and money markets together is a synthesis of the theory of income and output and the theory of money and interes…
Read moreThis page consists of various solved problems related to income determination that were asked in different university examinations in different years…
Read more1- Concept of Multiplier The concept of the multiplier, which plays an important role in the modern theory of income and employment in economics, was…
Read more1-Introduction Before we proceed to a detailed description of the Keynesian model of income determination, let us first understand some basic facts r…
Read more1- Solved Questions 1- Given that: Qd/1500 + P/1500 = 1 and Qs = 4P, what is quantity supply or quantity demanded?
Read moreAs everyone knows that the production of goods and services requires various factors of production i.e. land, labor, capital, and entrepreneurship, e…
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