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- If the government wants to increase the amount of savings in the economy, how should it alter government spending? What effect will this action have on the interest rate in the economy? Explain it using simple sentences ( not more than 10).Explain how changes in interest rates and rates of return on various investment options will affect the amount of money that businesses are willing to invest to increase output.Explain what happens to savings, investment and the real interest rate in an economy if the government reduces its military spending.
- Suppose a government decides to pass a tax cut, while keeping the level of government spending the same. How can the government finance the tax cut? What is the impact of the tax cut on public saving? Will private saving be affected and, if so, how? If households save most of (but not all) the tax cut, how will this affect investment? How will this affect the equilibrium interest rate? and why?Explain, why is reducing the interest rate not necessarily enough to stimulate investment spending?Does the amount of government spending in an economy respond directly to changes in aggregate income, wealth, or interest rates? Does it respond indirectly to changes in these variables?
- If saving dropped sharply in the economy, what would likely happen to investment? Why?What might deter a policymaker from trying to raise the rate of saving?Consider a closed economy. The introduction of new technology and an increase in the precautionary saving motives in the private sector will decrease real interest rates and the equilibrium quantity of saving supplied and demanded in this economy.Answer true, false, or uncertain. Please briefly explain your answer.
- Consider an economy described by the following equations: Y = C + I + G Y = 6100 G = 1100 T = 1100 C = 1000 + .75(Y - T) I = 1100 - 60r in this economy compute private savings, public savings and national savings Find the equilibrium interest rate Now suppose that G rises to 1200. Compute private savings, public savings and national savings. Find the new equilibrium interest rate.Consider a closed economy. The introduction of new technology and an increase in the marginal propensity to consume of households will decrease real interest rates and the equilibrium quantity of saving supplied and demanded in this economy. Answer true or false. Please briefly explain your answer.What was the maximum change in GSP from the tax cut
