Implicit differentiation - find the partial derivative of ðY/ðG?
Following the IS-LM model, can you find the partial derivative of ðY/ðG, given that:
Y = C(Y-T) + I(r) + G
Or if not, could you just tell me in plain English what this means, or what the usual results would be in the IS-LM model?
Thank you!
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Answers & Comments
Please state clearly what C,T,I & r stand for, are they variables or constants,
functions of Q?
In implicit differentiation, you need to set all other terms as constant other than differentiable term. Here it is G.'You get now
dY/dg=1. Here d denotes the partial derivative.