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ECON 1002 (1 Viewer)

sarevok

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omfg

this is the worst fucking assignment ive ever done

it even beats the accounting 1a practice set in sheer shitness
 

011

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oh fuck, the multiplier doesnt even work in the most basic circumstance.
like the change in consumption x multiplier =/= change in GDP!!!! wtf!
 

sarevok

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what formula are you using for the multiplier? as this is an open economy, it cannot just be 1/1 - mpc, right?
 

011

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im using open economy, as in multipler = 1/(1-b+m)
I get a multipler of 4.54, when it should be like 8 something according to me?
 

sarevok

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dont we have to take investment into account because it is responsive to income?
 

sarevok

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ok

so using that multiplier i got 625 as the change
 

011

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ok i tried that too and it worked
no conclusion, its just verifying the basic numbers :p
 

sarevok

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couldnt we just conclude by saying the decrease in savings and output is due to the multiplier effect? :D

ok, maybe not
 

011

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lol
im still undecided on whether the issue is about decreasing, or the numbers in particular (and therefore multiplier)
 

Rorix

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If you want to mention the paradox of thrift without having to reference anything just graph savings vs income, a little late i know <_<
 

kow_dude

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In lecture 9, slide 42... are all the diagrams 1/x curves? I didnt go to this lecture...
 

sarevok

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kow_dude said:
In lecture 9, slide 42... are all the diagrams 1/x curves?
yep

brogan77 said:
hands up whose gonna fail econ midterm. *raises hand*
*raises hand*


lol @ fontana and his friends shutting down that stupid leftist president candidate in stream3
 

Komit

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Hands up if you're in Stream 6 and already did yours..........
 

sarevok

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ahahahaaha i so fucked up that exam and it wasnt even that hard

me = idiot :\
 

kow_dude

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Omg..... one of the worst exams i've ever done. Big lesson for me to start attending lectures.
 
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xiao1985

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agreed... i fucked it up majorly as well...

i also, took too much time in the beginning... far out... when atta said 3 min i was like WTF?! and rushed finished my long response...
i'd be happi if i can scab a cr =(
 

011

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I hoped you all remember to lable your sheets.
 
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