This video covers a practice problem on opportunity cost, absolute advantage, comparative advantage, and trade prices. The problem is taken from Principles of Economics, 6th Edition, by N. Gregory Mankiw, and is Ch. 3 problem #3. See the "Practice Problems" playlist for an archive of daily practice problems.
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By Jodi Beggs - Economists Do It With Models
hi Jodie ,I'm really fascinated by you,way to go ...:)
please try to solve that dinamic IS-LM problem ,here is the details for it :
Co=20 , Go =10 , Io=20
β (beta) =0,8
let's say ,Central bank(or FED ) increased the Monetary supply to ''12'' ; therefore new intrest rate (r) and output (y) ?
I'm looking forward the solution of that :)
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