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  1. 0 million dollars.
  2. lower the interest rate.
  3. both the money market and goods markets are in equilibrium.
  1. Given the tax function, T = T0 + tY
  2. The government expenditure multiplier=
  3. T = T0 + tY, with t=1, say, and C= c0 + b(Y-T)

With t = 0, T = T0,

With t= 1, T1 = T0 + Y

T1 > T

By the equation, Y = C+ I+ G = c0 + b(Y-T) + I + G

When t=0, Y0 = c0 + b(Y-T0) + I + G

  • When t= 1, Y1 = c0 + b(Y-T0 -Y) + I + G = c0 –bT0  + I + G
  • Or , Y1 < Y0; because the there is a negative sign for bT0 which subtracted instead of addition. The IS curve shifts to the left because the consumption falls,
  1. Y = C + I +G.

C = 50+0.75(Y −T ).

I = 150−10r.

Md/ P = Y −50r.

G= 250.

T = 200.

Ms/P = 750.

  1. IS = C + I + G
  • IS = 50 + 0.75(Y −T ) + 150 – 10r + 250

LM = Md/P = MS/P

  • LM = Md – MS
  • LM = Y- 50r – 750
  1. In equilibrium IS = LM

Or, 50 + 0.75(Y-T) + 150 -10r +250 = 50r – 750

  • 75 Y – 0.75T + 450 -10r = 50r -750
  • 75Y = 0.75T -1200 + 60r = 0.75(200) -1200 +60r
  • 75Y = 150 – 1200 + 60r
  • 75Y = 60r -1050
  • Y =
  • Y =

Table 1 Series Of Transfers To Households From 2019 To 2021

year

Q1'19

Q2'19

Q3'19

Q4'19

Q1'20

Q2'20

Q3'20

Q4'20

Q1'21

Q2'21

Q3'21

Current transfers to households1

2,28,992

2,34,348

2,31,212

2,33,568

2,57,064

4,82,968

3,57,788

3,08,900

3,18,812

329944

324660

Source: (Www150.statcan.gc.ca 2022)

1. The table below shows the series of total government bonds from 2020 to 2021, with a monthly frequency

Table 2 Series For Total Government Bonds From 2019 To 2021

Source: (Www150.statcan.gc.ca 2022)

Months

Jan-19

Feb-19

Mar-19

Apr-19

May-19

Jun-19

Jul-19

Aug-19

Sep-19

Oct-19

Nov-19

Dec-19

Total Government bonds

80,955

79,490

78,445

80,120

79,197

78,659

80,097

79,849

77,476

79,290

79,009

79,030

Months

Jan-20

Feb-20

Mar-20

Apr-20

May-20

Jun-20

Jul-20

Aug-20

Sep-20

Oct-20

Nov-20

Dec-20

Total Government bonds

80,377

80,588

77,650

1,05,642

1,34,133

1,66,658

1,97,648

2,21,839

2,39,198

2,68,738

2,86,978

3,07,127

Months

Jan-21

Feb-21

Mar-21

Apr-21

May-21

Jun-21

Jul-21

Aug-21

Sep-21

Oct-21

Nov-21

Total Government bonds

3,24,971

3,35,103

3,52,555

3,71,254

3,83,176

3,95,618

4,12,332

4,18,629

4,21,131

4,30,079

4,30,996

Table shows the percentage change of transfers to households from 2019 to 2020 to be 51.56% and 2020 to 2021 at -30.80%.

Table 3 Percentage change in Transfer to households

year

percentage change

2019

9,28,120

2020

14,06,720

51.566608

2021

9,73,416

-30.80243

The percentage change in bonds are given in the table. We find from 2019 to 2020 there has been an increase of 127.63% while from 2020 to 2021 there has been an increase of 97.35%.

Table 4 Percentage change of total bonds

from 2019 to 2020

from 2020 to 2021

percentage change

127.6731

97.3549

References

Www150.statcan.gc.ca, 2022. Bank of Canada, assets and liabilities, at month-end. [online] Www150.statcan.gc.ca. Available at: <https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1010010801&cubeTimeFrame.startMonth=01&cubeTimeFrame.startYear=2019&cubeTimeFrame.endMonth=11&cubeTimeFrame.endYear=2021&referencePeriods=20190101%2C20211101> [Accessed 26 January 2022].

Www150.statcan.gc.ca, 2022. Revenue, expenditure and budgetary balance - General governments. [online] Www150.statcan.gc.ca. Available at:

<https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610047701&pickMembers%5B0%5D=2.1&pickMembers%5B1%5D=3.1&cubeTimeFrame.startMonth=01&cubeTimeFrame.startYear=2020&cubeTimeFrame.endMonth=10&cubeTimeFrame.endYear=2021&referencePeriods=20200101%2C20211001> [Accessed 26 January 2022].

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My Assignment Help (2022) Equations For Fiscal Policy And Changes In Transfers And Bonds Essay. [Online]. Available from: https://myassignmenthelp.com/free-samples/econ3010h-advanced-macroeconomics/percentage-change-of-transfers-household-file-A1D6615.html
[Accessed 05 March 2024].

My Assignment Help. 'Equations For Fiscal Policy And Changes In Transfers And Bonds Essay.' (My Assignment Help, 2022) <https://myassignmenthelp.com/free-samples/econ3010h-advanced-macroeconomics/percentage-change-of-transfers-household-file-A1D6615.html> accessed 05 March 2024.

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