Homework Answers
Increase in personal consumption expenditure will increase the aggregate demand. The decrease in export will decrease aggregate demand.
ans is C.
Increase in investment will increase aggregate demand and the increase in import will decreases aggregate demand
ans is D
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Aggo Gross Domestic Product for the First Quarter of 2017 The increase in real GDP in...
The table gives the aggregate demand schedule, the short run aggregate supply schedule, and the long run aggregat...
The table gives the aggregate demand schedule, the short run aggregate supply schedule, and the long run aggregate supply schedule for an economy What is the quantity of real GDP at the short-run macroeconomic equilibrium? Price level (GDP deflator) The quantity of real GDP at the short-run macroeconomic equilibrium is s billion 100 Real GDP Real GDP Real GDP supplied supplied demanded in short run in long run (billions of 2007 dollars) 200 500 350 500 500 500 400 650...
Product 13) 13) The gap that exists when equilibrium real Gross Domestic (GDP) is greater than...
Product 13) 13) The gap that exists when equilibrium real Gross Domestic (GDP) is greater than full employment real Gross Domestic Product (GDP) is called a(n) A) demand gap. C) recessionary gap B) employment gap D) inflationary gap 14) 14) Economic growth will NOT result in inflation if aggregate demand shifts A) outward to the right at the same speed as aggregate supply B) outward to the right as aggregate supply shifts inward to the left. C) inward to the...
Explain the effect of each of the following events on Mexico's aggregate demand. If the government...
Explain the effect of each of the following events on Mexico's aggregate demand. If the government of Mexico cuts income taxes, Mexico's aggregate demand O A. increases, and the aggregate demand curve shifts leftward O B. increases, and the aggregate demand curve shifts rightward O C. is unchanged, but the price level falls and quantity of real GDP demanded increases OD. decreases because it decreases the amount the government can spend O E. is unchanged because it just decreases the...
18. If the federal government increases the dollar amount of Social Security benefit checks for the...
18. If the federal government increases the dollar amount of Social Security benefit checks for the elderly, then a. the consumption schedule will shift upward in the 45-degree line diagram. b. the aggregate demand curve will shift to the right in the aggregate demand aggregate supply curves diagram. c. the effect on the equilibrium real GDP will be the same as a cut in taxes. d. All of the above are correct. 19. The paradox of thrift is the notion...
only 14, 16 and 18 is needed The Aggri that is the aggr by is the...
only 14, 16 and 18 is needed
The Aggri that is the aggr by is the short ly is the long WHAT IS THE The aggregate su zinionship betwe de relationship Section 8.4 14. Describe what the effect on aggregate demand would be, other things being equal, i a. exports increase b. both imports and exports decrease. C. consumption decreases. d. investment increases. e investment decreases and government purchases increase. f. the price level increases. g the price level decreases....
The net export function illustrates that:A) net exports are a positive function of domestic income....
The net export function illustrates that:A) net exports are a positive function of domestic income.B) net exports are independent of domestic income.C) net exports are a negative function of domestic income.D) imports are independent of domestic income.E) exports are independent of foreign income. Suppose the marginal propensity to import for country A is 0.4. Calculate the change in total value of imports of the country if national income increases by $100,000.A) $16,000B) $20,000C) $60,000D) $40,000E) $25,000 An MPI of 0.4 indicates that...
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...
According to Keynesian theory, the most important determinant of saving and consumption is Select one: a....
According to Keynesian theory, the most important determinant of saving and consumption is Select one: a. the level of real income. b. the stock of liquid assets. c. the stock of durable goods in the consumer's possession. d. the level of consumer indebtedness. Question 5 Not yet answered Marked out of 1.00 Flag question Question text In the Keynesian model, planned investment is inversely related to Select one: a. the interest rate. b. the level of income. c. the wage...
QUESTION 17 Pasedonia is going through a recession. To fight the recession their house of Congress...
QUESTION 17 Pasedonia is going through a recession. To fight the recession their house of Congress has passed a bill to increase infrastructure spending—but the legally required environmental impact report for each new project will take at least two years to complete before any building can begin. Identify the problem described in this scenario that limits the fiscal policy A administrative lag OB. Operational lag Crowding out OD Recognition lag QUESTION 18 If there was a change in investment spending...
(1) Calculate the government spending multiplier if, an increase in government spending by $5 million increases...
(1) Calculate the government spending multiplier if, an increase in government spending by $5 million increases real GDP by $20 million. Group of answer choices 0.20 0.25 2 5 4 (2) A major benefit of automatic stabilizers is that they: Group of answer choices guarantee a balanced budget over the course of the business cycle. have a tendency to reduce the national debt. moderate the effect of fluctuations in the business cycle. require legislative review by Congress before they can...
The table gives the aggregate demand schedule, the short run aggregate supply schedule, and the long run aggregate supply schedule for an economy What is the quantity of real GDP at the short-run macroeconomic equilibrium? Price level (GDP deflator) The quantity of real GDP at the short-run macroeconomic equilibrium is s billion 100 Real GDP Real GDP Real GDP supplied supplied demanded in short run in long run (billions of 2007 dollars) 200 500 350 500 500 500 400 650...
Product 13) 13) The gap that exists when equilibrium real Gross Domestic (GDP) is greater than full employment real Gross Domestic Product (GDP) is called a(n) A) demand gap. C) recessionary gap B) employment gap D) inflationary gap 14) 14) Economic growth will NOT result in inflation if aggregate demand shifts A) outward to the right at the same speed as aggregate supply B) outward to the right as aggregate supply shifts inward to the left. C) inward to the...
Explain the effect of each of the following events on Mexico's aggregate demand. If the government of Mexico cuts income taxes, Mexico's aggregate demand O A. increases, and the aggregate demand curve shifts leftward O B. increases, and the aggregate demand curve shifts rightward O C. is unchanged, but the price level falls and quantity of real GDP demanded increases OD. decreases because it decreases the amount the government can spend O E. is unchanged because it just decreases the...
18. If the federal government increases the dollar amount of Social Security benefit checks for the elderly, then a. the consumption schedule will shift upward in the 45-degree line diagram. b. the aggregate demand curve will shift to the right in the aggregate demand aggregate supply curves diagram. c. the effect on the equilibrium real GDP will be the same as a cut in taxes. d. All of the above are correct. 19. The paradox of thrift is the notion...
only 14, 16 and 18 is needed
The Aggri that is the aggr by is the short ly is the long WHAT IS THE The aggregate su zinionship betwe de relationship Section 8.4 14. Describe what the effect on aggregate demand would be, other things being equal, i a. exports increase b. both imports and exports decrease. C. consumption decreases. d. investment increases. e investment decreases and government purchases increase. f. the price level increases. g the price level decreases....
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...
QUESTION 17 Pasedonia is going through a recession. To fight the recession their house of Congress has passed a bill to increase infrastructure spending—but the legally required environmental impact report for each new project will take at least two years to complete before any building can begin. Identify the problem described in this scenario that limits the fiscal policy A administrative lag OB. Operational lag Crowding out OD Recognition lag QUESTION 18 If there was a change in investment spending...
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