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Thread: ECONOMICS QUESTIONS CAN YOU HELP ME PLS

  1. 03-05-2008, 12:42 PM #1
    smurda
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    Default ECONOMICS QUESTIONS CAN YOU HELP ME PLS

    im doing some questions about full employment GDP, multipliers, inflationary and deflationary gaps and fiscal polices...if you think you can help me with a few problems, not do them for me, but help me....lmk


    sample question
    graph goes like this
    x axis is GDP in billions in sets of 500 all the way to 9,000
    y axis is expenditures in billions in sets of 500 all the way to 9,000


    C+I+G+X^n starts at (1,000x 2,500y)
    other line is 45^ up to 9000

    full employment gdp is 6,800
    equilibrium gdp is 4,000


    questions would be
    1.(a) is there an inflationary gap or a deflationary gap
    (mine=)deflationary gap
    (b)how much is it?
    mine=2.8trillion
    (c)how much is the multiplier?
    mine= NO FUCKING IDEA


    book says multiplier=
    distance between equilibrium GDP and full-employment GDP
    --------------------------------------------------------
    gap

    gap is the gap between the deflationary/inflationary GDP to the full-employment GDP

    but i cant figure this shit out
    Last edited by smurda; 03-05-2008 at 12:44 PM.
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  2. 03-05-2008, 01:17 PM #2
    smurda
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    bump for at least one person to help
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  3. 03-05-2008, 02:15 PM #3
    ryph
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    im learning useless macro economic theory itt. q: is change in consumption given?
    "Americans like to believe in American exceptionalism, that the United States is a force for good around the world, not just another country pursuing its interests via geopolitical horse-trading. This is part of why there is such a visceral public backlash against WikiLeaks -- because it lays bare U.S. diplomacy in all its blunt, unromantic reality."
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  4. 03-05-2008, 02:18 PM #4
    ryph
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    multiplier = 1 / (1 - (change in consumption / 2.8tril) )
    "Americans like to believe in American exceptionalism, that the United States is a force for good around the world, not just another country pursuing its interests via geopolitical horse-trading. This is part of why there is such a visceral public backlash against WikiLeaks -- because it lays bare U.S. diplomacy in all its blunt, unromantic reality."
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  5. 03-05-2008, 03:00 PM #5
    smurda
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    i got a change = .5
    equilibrium GDP was 6800, Full-employment GDP was 5400...

    6800-5400=1400

    2.8tril=2800bil

    1400
    -----=1/2=.5
    2800
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  6. 03-05-2008, 03:11 PM #6
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    aint that some microeco


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  7. 03-05-2008, 03:18 PM #7
    smurda
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    intro, all i know is i hate it
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  8. 03-05-2008, 04:17 PM #8
    clickclack
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    http://www.amosweb.com/ my econ professor was really gay, but reading this site helped out a lot.
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  9. 03-05-2008, 04:23 PM #9
    TrichomeKid
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    Quote Originally Posted by clickclack View Post
    http://www.anusweb.com/ my econ professor was really gay, but reading this site helped out a lot.
    See how I did that?
    sabotagé
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  10. 03-05-2008, 04:25 PM #10
    clickclack
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    i guess if youre into that kind of thing
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  11. 03-06-2008, 12:31 AM #11
    PeePee McRapist
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    Ah the intro classes. Wait until you take Growth Theory. That'll be a doozy..
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