ECON 1002 (1 Viewer)

[sarevok]

omfg

this is the worst fucking assignment ive ever done

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

 

[011]

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

 

[sarevok]

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

 

[011]

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]

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

 

[sarevok]

ok

so using that multiplier i got 625 as the change

 

[011]

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

 

[sarevok]

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

ok, maybe not

 

[011]

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

 

[Rorix]

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]

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

 

[kow_dude]

*waves*......

 

[sarevok]

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

yep

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]

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

 

[sarevok]

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

me = idiot :\

 

[kow_dude]

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

 

[xiao1985]

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 =(

 

[Rorix]

everyone repeat after me... "Economics is SHIT!"

You misspelt "A T T A"

 

[011]

I hoped you all remember to lable your sheets.

 

[ToO LaZy ^*]

I hoped you all remember to lable your sheets.

like...what?.
as in name, sid?

lololol @ multiple guess Q1