Question: Refer to table one and figure one to answer the following question: Question 2 (30 points) Explain the change in y during the first
Refer to table one and figure one to answer the following question: Question 2 (30 points) Explain the change in y during the first and the second round in response to the increase in m' by 100 millions. Then, analytically derive the multiplier. Round Second Round Table 1 y0 = 2000 dMs = 100 MPC = c' 0.9 MPT = t' 0.1 MPI = nx' -0.05 g'y = -0.1 i'1- -5 i2 = -5 g'r = -10 i = -40 k' 0.3 I' -20 M = 100 PO = 20 dp/dy|s = 0.02
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