1. An economy is described by the following equations: Expenditure Sector: Money Sector: S = - 200 + (1/5)YD Ms = 400 TA = (1/8)Y - 40 Md = (1/4)Y + 100 - 5i TR = 60 I = 300 – 10i G = 70 NX = 150 - (1/5)Y Here S is saving; TA is taxes; TR is transfers; I is investment; G is government spending; NX is net exports; Ms is money supply; and Md is money demand. a) (30p) Find the IS and LM equations for this economy. Draw those equations in an IS-LM framework. b) (20p) Find the equilibrium level of output and interest rates. Calculate also the equilibrium values of investment (I), net exports (NX), and money demand (md).

Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?

Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.