Question: 1. The DD schedule and its shift a. Write down the DD schedule as an equation. Y= DLY-T, EPA/ P, I, G b. Show in

1. The DD schedule and its shift a. Write down the

1. The DD schedule and its shift a. Write down the DD schedule as an equation. Y= DLY-T, EPA/ P, I, G b. Show in which direction the DD schedule will shift in response to an increase in each exogenous variable. Show how E, Y, and CA will change. (Fill in the following box.) G I P P* Y* Increase in C DD shifts R/L R R K DD shifts Right AE (TV) AY ( TV ) ACA (TI)

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