Good answers reflect attention to grammar, spelling, and legibility.
While answers will not be graded by the pound, provide enough story line to make it clear that you understand relevant concepts, and show enough of your work so that computational mistakes can be distinguished from conceptual errors. Use them to answer questions 1-5. Find the equilibrium levels of Y and r. 2. Find b, the marginal propensity to consume out of disposable income, Y D . Assume that a dollar is currently trading for 120 Yen.