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Unformatted text preview:  % pi (us)  Sf(k) = dk  sy=dk for steady state  golden rule f(k)d=0 or fk= d  Steady state= sf(k) = (d+n+g)k  Golden rule= f(k)= d+n+g  MV = PY  agg output = natural rate of output+ a positive parameter(thea ctual price leve the expected price level)  Y/G= 1/(1MPC) government purchases multiplier  Y/T= MPC/(1MPC) tax multiplier T X MPC/(1MPC)  E=C(YT)+I+G...
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This note was uploaded on 04/11/2009 for the course ECON 101 taught by Professor Miyanishi during the Spring '08 term at UC Davis.
 Spring '08
 Miyanishi

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