Re: total differentiation

Posted by Bellatrix on Oct 23, 2011; 12:24pm
URL: http://discussion-forum.276.s1.nabble.com/total-differentiation-tp6873893p6921917.html

It is still incorrect.
d(M/P) = (P.dM – M.dP)/ P^2  
What does M’ or P’ mean? I never said that they are also a function of some other variable. (They may be a function of time, but that has not been specified in the model)
Now form the IS equation again.