Keynesian economicgreenspun.com : LUSENET : Economic History (and Related Observations) : One Thread |
1) By using Keynesian economic model, explain how the equilibrium level of national income is attained. State the required assumption that should be taken into account for the discussion. Build a model for your discussion.2) If the government pumps in 30 millions as the government expenditure, what might have happened to the equilibrium level of national income. Enhance your answer with a simple calculation by using multiplier process
-- Ahmed Zameel (ahmedzameel@hotmail.com), May 29, 2002