Homework Answers
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The equilibrium level of GDP is Y4 when we account all consumption, investment and government purchases and net exports. the answer is Y4.
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W micome taxes The equilibrium level of GDP is: Aggregate Expenditures 0,.,.x. 6 - C+1, X...
Aggregate expenditures (per year) .000 Real GDP per year) increase in the equilibrium level of In...
Aggregate expenditures (per year) .000 Real GDP per year) increase in the equilibrium level of In the diagram shown, the MPC -0.5. Suppose Planned Investment spending rises by $100. The result would be real GDP. QUESTION 23 The downward sloping line that illustrates how Y* (the equilibrium quantity of real GDP in the 45 degree line diagram) varies as the price level varies is called
Can you explain this thank you B) Equilibrium GDP falls. C) Equilibrium GDP rises. D) Equllbrium...
Can you explain this thank you
B) Equilibrium GDP falls. C) Equilibrium GDP rises. D) Equllbrium Gop may rise or fall depending on the size of the decrease in aggregate expenditure relative to the initial level of GDP Government expenditure GDP change potential GDP and taxes change potential 99 A) can can B) cannot: can C) cannot cannot D) can; cannot E) None of the above answers is correct. 14
please answer In the aggregate expenditures model, the equilibrium GDP is 2 Multiple Choice 03:53:37 always...
please answer
In the aggregate expenditures model, the equilibrium GDP is 2 Multiple Choice 03:53:37 always less than the full-employment GDP level. not necessarily equal to the full-employment GDP. assumed to be equal to the potential GDP level. always above the potential GDP level.
Economics 121 Practice Problem 1. Assume the aggregate expenditures model with the following values C =...
Economics 121 Practice Problem 1. Assume the aggregate expenditures model with the following values C = 200 +.8*DI 1. = 200 There is no government purchases, taxes or net exports a. Complete the table below b. What is equilibrium GDP? c. Suppose I, rises from 200 to 300. What is the new equilibrium level of GDP? GDP C S l C+1 1000 1500 2000 2500 3000
QUESTION 7 1 pc Assume C 50+.80yd (disposable income); Taxes GDP (V)? (Hint: Yd = Y...
QUESTION 7 1 pc Assume C 50+.80yd (disposable income); Taxes GDP (V)? (Hint: Yd = Y - Taxes) 10; Investment - 30: Goverment - 20: Exports 16; and Imports - 20. What is the O a 200 26.400 c. 405 d. 435 QUESTION 8 From the question above, C (consumption) is equal to 360 390 O 414 OO QUESTION 9 Use the following table to find the MPC and MPS: SA NI Answ QUESTION 9 Ube the following table to...
Q 12 , 13, 14 * Deliberate changes in government expenditures and taxes to influence GDP...
Q 12 , 13, 14 * Deliberate changes in government expenditures and taxes to influence GDP A. are enacted by the Council of Economic Advisers. B. are examples of automatic fiscal policy because the politicians automatically respond. C. operate without time lags. D. are forms of discretionary fiscal policy. ----------------------------------------- The term "stagflation" refers to the situation when A. real GDP and the price level both rise because of an increase in aggregate demand. B. prices become stagnant and do...
Exhibit 8-8 Aggregate expenditures function Real consumption and Investment expenditures (trillions of dollars per year) om...
Exhibit 8-8 Aggregate expenditures function Real consumption and Investment expenditures (trillions of dollars per year) om 0 1 2 3 4 5 6 7 8 9 10 Real disposable income (trillions of dollars per year) 23. In Exhibit 8-8, what is the households' marginal propensity to consume (MPC)? 20.5. c. 0.8. b. 0.75 d. 1. 24. Using the Keynesian aggregate expenditures model, which of the following is true? a Macro equilibrium may occur at levels of real GDP other than...
Aggregate Expenditures 8 01:53:18 eBook B GDP Refer to the diagram. If the full-employment level of...
Aggregate Expenditures 8 01:53:18 eBook B GDP Refer to the diagram. If the full-employment level of GDP is Band aggregate expenditures are at AE3, the Multiple Choice inflationary expenditure gap is BC. recessionary expenditure gap is BC Loo oo recessionary expenditure gap is ed. * 0 inflationary expenditure gap is ed. Consumption (8 01:51:33 0 Disposable Income eBook Suppose an economy's consumption schedule shifts from a to C2, as shown in the diagram. We can say that its Multiple Choice...
Assume that the potential GDP of the economy of Arlon is $1,500, and that the aggregate...
Assume that the potential GDP of the economy of Arlon is $1,500, and that the aggregate demand and aggregate supply are as shown in the following table. Aggregate Quantity Demanded 1 $1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000 Aggregate Quantity Price Index Aggregate Quantity Demanded 2 Supplied $1,100 1971,200 1 98 1,300 991 ,400 100 1,500 101 1,600 102 1,700 103 1,800 104 1,900 105 2,000 a. The value of equilibrium real GDP ISO and the price...
9. Refer to the below table. For the open economy, the equilibrium GDP is domestic output...
9. Refer to the below table. For the open economy, the equilibrium GDP is domestic output AE, closed economy exports imports 200 230 30 20 250 270 30 20 300 310 30 20 350 350 30 20 400 390 30 20 450 430 30 20 500 470 30 20 A) $300 B) $350 C) $400 D) $450 10. If net exports decline from zero to some negative amount, the aggregate expenditures schedule would A) shift upward B) shift downward C)...
Aggregate expenditures (per year) .000 Real GDP per year) increase in the equilibrium level of In the diagram shown, the MPC -0.5. Suppose Planned Investment spending rises by $100. The result would be real GDP. QUESTION 23 The downward sloping line that illustrates how Y* (the equilibrium quantity of real GDP in the 45 degree line diagram) varies as the price level varies is called
Can you explain this thank you
B) Equilibrium GDP falls. C) Equilibrium GDP rises. D) Equllbrium Gop may rise or fall depending on the size of the decrease in aggregate expenditure relative to the initial level of GDP Government expenditure GDP change potential GDP and taxes change potential 99 A) can can B) cannot: can C) cannot cannot D) can; cannot E) None of the above answers is correct. 14
please answer
In the aggregate expenditures model, the equilibrium GDP is 2 Multiple Choice 03:53:37 always less than the full-employment GDP level. not necessarily equal to the full-employment GDP. assumed to be equal to the potential GDP level. always above the potential GDP level.
Economics 121 Practice Problem 1. Assume the aggregate expenditures model with the following values C = 200 +.8*DI 1. = 200 There is no government purchases, taxes or net exports a. Complete the table below b. What is equilibrium GDP? c. Suppose I, rises from 200 to 300. What is the new equilibrium level of GDP? GDP C S l C+1 1000 1500 2000 2500 3000
QUESTION 7 1 pc Assume C 50+.80yd (disposable income); Taxes GDP (V)? (Hint: Yd = Y - Taxes) 10; Investment - 30: Goverment - 20: Exports 16; and Imports - 20. What is the O a 200 26.400 c. 405 d. 435 QUESTION 8 From the question above, C (consumption) is equal to 360 390 O 414 OO QUESTION 9 Use the following table to find the MPC and MPS: SA NI Answ QUESTION 9 Ube the following table to...
Exhibit 8-8 Aggregate expenditures function Real consumption and Investment expenditures (trillions of dollars per year) om 0 1 2 3 4 5 6 7 8 9 10 Real disposable income (trillions of dollars per year) 23. In Exhibit 8-8, what is the households' marginal propensity to consume (MPC)? 20.5. c. 0.8. b. 0.75 d. 1. 24. Using the Keynesian aggregate expenditures model, which of the following is true? a Macro equilibrium may occur at levels of real GDP other than...
Aggregate Expenditures 8 01:53:18 eBook B GDP Refer to the diagram. If the full-employment level of GDP is Band aggregate expenditures are at AE3, the Multiple Choice inflationary expenditure gap is BC. recessionary expenditure gap is BC Loo oo recessionary expenditure gap is ed. * 0 inflationary expenditure gap is ed. Consumption (8 01:51:33 0 Disposable Income eBook Suppose an economy's consumption schedule shifts from a to C2, as shown in the diagram. We can say that its Multiple Choice...
Assume that the potential GDP of the economy of Arlon is $1,500, and that the aggregate demand and aggregate supply are as shown in the following table. Aggregate Quantity Demanded 1 $1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000 Aggregate Quantity Price Index Aggregate Quantity Demanded 2 Supplied $1,100 1971,200 1 98 1,300 991 ,400 100 1,500 101 1,600 102 1,700 103 1,800 104 1,900 105 2,000 a. The value of equilibrium real GDP ISO and the price...
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