At equilibrium, Y = a+ bY + I
Y= 150 + 0.75Y + 200
0.25Y = 350
Y= 1400
Equilibrium level of output = 1400
Question 4 (1 point) assume: a = 150 b = .75 ) = 200 Yf = 1600 The value of savings at full employment is: -- Select an Option --
Question 6 (1 point) assume: a 150 b .75 | 200 Yf 1600 The recessionary gap is: Select an Option
Question 5 (1 point) assume: a = 150 b = .751 = 200 Yf = 1600 aggregate spending at full employment is: -- Select an Option --
Question 17 (1 point) Assume that: C = 500 + .75Yd I =300, t = 0.2 G = 600 The equilibrium level of output is: -- Select an Option --
Question #4: IS-LM Model: Change in Fiscal Policy (a) Suppose Congress had announced that they were going to increase government spending to G = 400. Assume that (M/P)Sreturns to 1600. Now the set of equations are the following: C = 200 + 0.25YDI = 150 + 0.25Y –1000i T = 200 G = 400(M/P)S= 1600(M/P)d= 2Y –8000i Calculate the new level of equilibrium interest rate (i) and equilibrium output (Y).(b) Calculate the new levels of consumption (C) and investment (I)...
350 300 250 200 150 100 50 0 50 100 150 200 250 300 350 400 450 500 Actual Aggregate Expenditure (Y, billions of $) Instructions: Enter whole numbers into each box a. What is the Keynesian equilibrium output in this economy? billion b. At an output level of $200 billion, planned aggregate expenditure is equal to $ ( (Click to select) output in the upcoming year billion and the economy is likely to c. At an output level of...
Question 14 1 pts Consider the following schedule to find where the equilibrium occur. Where does real GDP supplied and equilibrium price level occur? Current Price Level Real GDP-quantity demanded per trillion Real GDP-quantity supplied per trillion 250 210 200 150 28.5 25.0 23.5 20.1 18.7 20.0 23.5 21.2 O The equilibrium point occurs at a price level of 210 and an output level of 25.0. O The equilibrium point occurs at a price level of 200 and an output...
QUESTION 8 $500 450 E 400 350 250 2 200 쵸 E 150 C 100 U 50 45° $50 100 150 200 250 300 350 400 450 500 550 Real Domestic Output ($B) Refer to the graph for a private closed economy. At the equilibrium level of GDP, saving will be O $100 billion. $50 billion. O $150 billion. an amount that cannot be determined from the information given
No Spacing Heading1 Heading 2 Figure 1 25 50 75 100 125 150 175 200 225 250 Output 1. Figure 1 is the graph of a A. Price Takerl B. Price Searcher with low entry barriers C. Price Searcher with high entry barriers D. Could be either B or C 5 6 8 9 0
1 Price S 25 50 75 100 125 150 195 200 Duaxti Refer to Figure 7-11. If the supply curve is S, the demand curve is D, and the equilibrium price is $100, what is the producer surplus? O $1,250. 5625 $5,000. $2,500