Consider a closed economy where MPC = 0.9, and AE = Ye₁ (equilibrium production level). However, potential output is larger, at 9,000 G$

Ye₁ = 8,000 G$

Yp = 9,000 G$

Calculate the Output Gap, and the necessary government stimulus, so that  Ye₂ = Yp.

In a Keynesian model, the level of production may be at equilibrium, which means it is stable, but that does not mean there is enough production. Factors of production may be left idle, such as labour. This creates unemployment rates in the double-digits.

Match the following situations with the appropriate interpretation.

Consider an economy with no trade (closed economy), where the marginal propensity to consume (MPC) is 0.85.

Autonomous expenditures are

C = 500 G$

I  = 200 G$

G = 150 G$

(G$ = billions of dollars)

What would be the equilibrium level of income (Y), where Y=AE ?

In a Keynesian model, Aggregate Expenditure may be associated to a certain level of Aggregate Income (Y). However, a mismatch between AE and Y will not be sustained. Associate the following positions of AE with Y, to a feedback mechanism.

In a Keynesian model, an equilibrium level of production may be stable, and associated to high ___________________________.

Using the site below, find the top 5 exports, and top 5 imports between Canada and a country of your choosing. Use millions of dollars (M$) for the value, round to the integer.

Complete the table and discuss the economic relationship between Canada and this country.

https://www.ic.gc.ca//app/scr/tdst/tdo/crtr.html?&productType=HS6&lang=eng

Match the Quebec foreign partner and the n.1 product they buy from us (export).

Match the Quebec Trade Partner and the n.1 product that we buy from them (import).

Чому дорівнює  зусилля в стержні 1 – 2 ?

Чому дорівнює  зусилля в стержні 1 – 2 ?