# 1. Consider the Keynesian income determination model presented earlier for the case where and (a)…

1. Consider the Keynesian income determination model presented earlier for the case where and (a) What is the steady state level of income in this case? (b) Draw a phase diagram for this case. Identify the steady state in the diagram. Use the diagram to show the time path of income if income is initially below the steady state. 2. Find the steady state value of the price level by using the adaptive expectations model presented in the application about money and prices when for all t and when and Draw a phase diagram for this case. Use this phase diagram to trace out the time path of the price

1. Consider the Keynesian income determination model presented earlier for the case where and (a) What is the steady state level of income in this case? (b) Draw a phase diagram for this case. Identify the steady state in the diagram. Use the diagram to show the time path of income if income is initially below the steady state. 2. Find the steady state value of the price level by using the adaptive expectations model presented in the application about money and prices when for all t and when and Draw a phase diagram for this case. Use this phase diagram to trace out the time path of the price level in response to an increase in the money supply from to Assume that, at time the price level is at its steady state value.

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.