ECON 301 FALL 2008 HOMEWORK 2

ECON 301 FALL 2008 HOMEWORK 2 - 1. Use pictures and words...

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ECON 301 FALL 2008 HOMEWORK #2 DUE FRIDAY, OCT 3, 11:00AM Write a 2-3 page double-spaced essay addressing the questions below. Use graphs as appropriate. You must use proper citations and quotes when borrowing ideas from others. You must not plagiarize; even if you paraphrase from another’s work, you must cite the source. You can either e-mail your essay to ysnz72@umkc.edu (before 11 AM Oct 3) or turn in a hard copy at the beginning of class on Oct 3. Late work will not be accepted, as explained in the syllabus.
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Unformatted text preview: 1. Use pictures and words to derive the IS and LM curves. Show the equilibrium point that simultaneously satisfies equilibrium in the goods and money markets. 2. Begin with equilibrium in the goods and money markets. Using the ISLM model explain and show what happens if: a. the government increases spending b. the Fed increases the money supply...
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This note was uploaded on 09/07/2010 for the course ECON 301 taught by Professor Staff during the Spring '08 term at University of Missouri-Kansas City .

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