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es ~ve,,+ II~ II.. e - SFU.cakkasa/Econ305_lecture17_partB.pdf · t~,ff\es ~ve,,+ II~ to II.. e •11.-$" erl ~~t,ke.t Co"~ It e ... • t,'Ie..' t e~,f I I r~e f. t~s.+w~,~ ~f,~

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Page 1: es ~ve,,+ II~ II.. e - SFU.cakkasa/Econ305_lecture17_partB.pdf · t~,ff\es ~ve,,+ II~ to II.. e •11.-$" erl ~~t,ke.t Co"~ It e ... • t,'Ie..' t e~,f I I r~e f. t~s.+w~,~ ~f,~

CIA.,t.~' c.t'·Sts

• 'I~ ptrac,-h'c.e I MOS+- f.i'l.eJ t\r.CoLG~ ",k,t~ ,ff\es ~ve,,+ II~ to II.. e

• 11.-$" erl ~~t ,ke.t Co"~ It eto .ttf\( • ~! ~ov ,ft4.' 1.Jj fos",skl ~~e. pe~

• Loss 0 coJ:'c cle~~ 0

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~ 'f\~'~ $~ ~f~+",t e~ .+t w'" etle'iCt\~ ~ t~t willsell +~ Jo•••fJ •c••"e c.~. TIt '$

, f~t S ,f~,C~ "

~ S-'.1\" ~c't,.•.",~es

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s,o. , ~tt7• ;\ ~, I"JO"fS'~14.' 'S, ') /6NfJ P~,'//''pi-tJ

5.) TfI."('~ 2000

(,.) A'at ..~·"'~ 2()() I

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~ ..Eto~.M)"T1-.-)e~~ "-

Of, ~~ "'J;,...poss;~/t Tt'.~c~ 't

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\)~~c.•.•./fA~&.,."e.,.,.,I''-

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The k'e.j!'es,e.vt A~Dr/e )1f~ C",,,,ve.

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t!:reSitAM ~$it'\e.~J c,~c..le!.

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bP ": ~J:.y

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If =: C~~S~"'+ - ~ot bVl 1r)t;)I'fJfJl.ftJt

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2 ProbkW\s wi~ tAe Ke3I1eSt",. MoJtl4

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••• Ol=..:0:Clo"" 28 .••• <:)=.co .,26 -;.,•..

:E 24 -ij.; 22<:).. 20Co

18161412108

6420

-2

SIMULATED LEVEL OFAGGREGATE OUTPUT

108 144 180 216 252 288 324 360Time (months)

"4 : • 0' T Y•..•

81960 1995

Year