The AA-DD Model Under Fixed Rates
Note that in this model, investment is dependent on the interest rate. Otherwise, the equations should look standard. restart;Variable Names: Y - nominal GDPAssignment: 1) Using Maple, solve for the above model. Again, there may be more than one set of solutions, and you will need to pick the right set. First, solve for the initial equilibrium. Then: a) Increase GOV from 1900 to 2000.2) In each of the above cases, explain your results with words and appropriate graphs (i.e., the E-R-M and AA-DD models), and explain the directional change of the main endogenous variables (Y, IR, CAB). In which case did having endogenous investment change the predictions of the model, relative to the AA-DD model taught in class? 3) Compare your results with those from the previous Maple homework.
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