Define the variables in the following model and identify the economist who created it: a. (S – I) + (T – G) + (nx) = _________ Given this accounting identity and sovereign currency issuance, is it...

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Define the variables in the following model and identify the economist who created it:

a. (S – I) + (T – G) + (nx) = _________

Given this accounting identity and sovereign currency issuance, is it good for the economy to shrink government deficits? Answer this question with an if/then statement.

Name two countries that fit the above criteria.

6. (30 pts) Using the principle of duality, provide the mathematical models of the two constrained optimization problems that the consumer can solve. Given duality, the answers to these two optimization problems are ________________. In one if/then sentence, use meta-theory to argue whether or not this model indicates that constrained optimization is an appropriate methodology for describing Buddhist economics.

Answered Same DayMay 12, 2021

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Harshit answered on May 13 2021
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