Question: From this week Reading Turnovsky, S. J. (2000). Methods of macroeconomic dynamics. Mit Press. Summarize the main lessons learnt in the weeks topics answering the

From this week Reading Turnovsky, S. J. (2000). Methods of macroeconomic dynamics. Mit Press.

Summarize the main lessons learnt in the weeks topics answering the following questions.

Determination equilibrium of an economy can be studied by.

What is modern theory of income and employment? Or, What is Keynesian theory of income and employment?

How you can show the inflationary gap diagrammatically?

Given the following information about an economy, calculate net domestic product at factor cost: fig 307

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