Question: pls help me with the question below, thanks! Question 2: [15 marks] In the open-economy goods market, let DD = C + I + G
pls help me with the question below, thanks!
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Question 2: [15 marks] In the open-economy goods market, let DD = C + I + G and ZZ=C+I+G+XQ Assume e = I initially and dene net exports as N X = X Q 1. Draw DD and Z Z lines, together with a 45 degree line, to show goodsmarket equilib rium with balanced trade, i.e. with N X = 0. In a separate graph, show net exports (NX) as a function of output (Y). Clearly label the axes in both graphs. 2. Draw DD and Z Z lines, together with a 45 degree line, to show goodsmarket equilil} rium with a trade surplus, i.e. with N X > D. In a separate graph, show net exports (NX) as a function of output (Y). Clearly label the axes in both graphs. 3. Draw DD and Z Z lines, together with a 45 degree line, to show goodsmarket equi librium with a trade decit, i.e. with N X
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