Exercise 1: 

C=85+0,75Yd; I=10+0,1Y
G=160; T=100+0,2Y; X=100; M=30+0,2Y.
a.Determining the equilibrium output.
b.At equilibrium output, calculating G, T, and M
c.Calculating the multiplier.
d.Suppose the government increases spending for goods and services by  5, cutting taxes by 20,
increase export by 10. Determining the new equilibrium output.
Exercise 2:
C= 100 + 0,8Yd;   I= 300;  G= 250; 
  X= 300;   M= 50 + 0,12Y;   T= 0,1Y;
  Yp = 2500.
a.Determining the equilibrium output..
b.Giving: Un is 5%, calculating the real unemployment rate of the economy.
c.Any comment on trade balance and budget balance status?
d.If we want to meet the target of budget balance, what is the real output in this case? 
e.If export increases by 20, Any comment on trade balance status?
f.If we want to attain Yt = Yp, which type of fiscal policy must be applied?
        f1.  If there is only change in G, how much it is?
        f2. If there is only change in T, how much it is?
        f3. If there are both changes in G and T, how much there are?

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Bài làm:
1a,
Y = AD = C + I + G + X – M
Y = 85 + 0,75Yd + 10 + 0,1Y + 160 + 100 – 30 - 0,2Y
Y = 85 + 0,75( Y – 100 - 0,2Y) + 10 + 0,1Y + 160 + 100 – 30 - 0,2Y

 Y = 500
1b, G= 160, T=200, M=130
1c, k=1/[1-0,75(1-0,2)-0,1+0,2]= 2
1d, New equilibrium output:
Y= 85 + 0,75( Y – 100 - 0,2Y+20) + 10 + 0,1Y + 165 + 110 – 30 + 0,2Y
 Y = 560
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2a,
Y = AD = C + I + G + X – M
Y = 100 + 0,8Yd + 300 + 250 + 300 - 50 - 0,12Y 
Y = 100 + 0,8(Y - 0,1Y) + 300 + 250 + 300 - 50 - 0,12Y  

-->Y = 2250
2b, Ut=5+[(2500-2250)/2500]*50=10%
2c,
G= 250
T= 225
 Budget deficit
X= 300
M= 320
 Trade deficit
2d, Budget balance  T=G  Yreal= 2500
2e, X = M  Trade balance Saiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii
2f,
 Delta Y = 2500-2250= 250
k =1/[1-0,8(1-0,1)-0+0,12]= 2,5
 Delta Y = 2,5*Delta AD  Delta AD=100
 Delta G =100, G increase 100
 Delta T= -100/0.8 = -125
 T decrease 125
 We have: 250 = Delta G – 0.8*Delta T
 So if G increase 90, T decrease 200
Nhớ ghi chính sách gì là Expansion hay Recession mới làm