Macroeconomics HW 10 Explanation of Bitcoin

September 19, 2022

16: Define the three properties of money. Using these three properties of money explain why Bitcoin is not money.

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12pt

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17: Assume that the economy can be modeled as follows:

AE = C + I + G

C = 200 + .9Yd

I = 100

G = 200

T = 50

1) Solve for equilibrium income (Y*). (Upload a picture of your work in the next section)

2) Graph the economy. (Upload the graph in the next section.)

3) What is the level of private saving in equilibrium? (Upload a picture of your work in the next section)

4) Graph the saving function on the same graph as the AE line (question 2). (Upload the graph in the next section.)

5) What is the level of public saving in equilibrium? (Upload a picture of your work in the next section)

6) What is the level of aggregate saving in equilibrium? (Upload a picture of your work in the next section)

7) What is the size of the spending multiplier?

8) What is the size of the tax multiplier?

18: Upload an image of your work for question 1 from the AE questions above.

19: Upload a graph of the economy (Question 2 from the AE questions above)

20: Upload an image of your work for question 3 from the AE questions above.

21: Graph the saving function on the same graph as the AE line (questions 2 and 4 of the AE question).

22: Upload an image of your work for question 5 from the AE questions above.

23: Upload an image of your work for question 6 from the AE questions above.

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