Suppose equilibrium for an economy occurs when C + I + G + X = $14...
Suppose equilibrium for an economy occurs when C + I + G + X = $14 trillion. If the real Gross Domestic Product (GDP) is $13 trillion, then unplanned inventories are A. decreasing, and real Gross Domestic Product (GDP) will expand. B. decreasing, and real Gross Domestic Product (GDP) will contract. C. increasing, and real Gross Domestic Product (GDP) will expand. D. increasing, and real Gross Domestic Product (GDP) will contract.
Homework Answers
In this case,
The unplanned inventories will decrease and will eventually lead to an increase in the real gross domestic product.
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Suppose equilibrium for an economy occurs when C + I + G + X
= $14...
help please 10. In a mixed open economy, equilibrium GDP exists where a. GDP =C+I+G b....
help please
10. In a mixed open economy, equilibrium GDP exists where a. GDP =C+I+G b. C+1 5 +T+X C+I+X+ G- GDP d. C+I+X-S+T b. 11. In the Aggregate Expenditure model, when unplanned inventories are greater than zero Consumption will decrease Output will increase Output will decrease Imports will decrease d. b. 12. When GDP > AE, what is the situation in the marketplace? shortage equilibrium efficiency d. surplus c. 13. In a closed economy the only participants are. a....
Suppose that the economy is depicted by the following relationship: Expenditures =C+I+G+X where: C = $100...
Suppose that the economy is depicted by the following relationship: Expenditures =C+I+G+X where: C = $100 + 0.90 (Y-T) G = $500 T= $ 500 1 = $ 200 X = $ 50 The economy is in equilibrium at a level of real GDP or income of $ (Round your answer to the nearest dollar) Enter your answer in the answer box and then click Check Answer
7. Equilibrium GDP on the demand side occurs when a. total spending equals total production, and...
7. Equilibrium GDP on the demand side occurs when a. total spending equals total production, and inventories are zero. b. total spending equals total production, and inventories remain at desired levels. c. total spending exceeds total production, and inventories are rising. d. total spending is less than total production, and inventories are falling. For the next four questions refer to the following equations: C = 50+ 0.8 Y I= 100 8. The equilibrium level of GDP in this economy is:...
The following equations describe the domestic economy: C 20+0.8Y I 0, G 0 X 0.03Y, and...
The following equations describe the domestic economy: C 20+0.8Y I 0, G 0 X 0.03Y, and Q 0.3Y And the following equations describe the foreign economy: C" =2000.8Y I0, G =0, -75+0.25Y, and Q0.1Y X= Suppose the real exchange rates in both economies are fixed and equal to one. Find equilibrium Y and Y* b) Suppose that the domestic economy experiences a 10% drop in its autonomous consumption, a) i.e. the consumption function changes to C = 18+0.8Y Find the...
1. In a closed economy to have sustainable output, Aggregate Expenditures are equal to
1. In a closed economy to have sustainable output, Aggregate Expenditures are equal toa. Consumptionb. Consumption + Investmentc. Consumption + Investment + Govemmentd. Consumption + Investment + Net Exports2. The calculation 1 /(1-MPC) equalsa. Marginal Propensity to Saveb. Multiplierc. Aggregate Expenditured. Average Consumption3. In a closed economy, when Aggregate Expenditures equal GDP.a. Consumption equals investmentb. Consumption equals aggregate expenditurec. Saving = Planned Investmentd. Disposable income equals consumption minus saving4. Net exports are calculated asa. Importsb. Imports - Exportsc. Exports -...
CUCep UJUH 0. Suppose that the economy is depicted by the following relationship: Expenditures =C+I+G+X where:...
CUCep UJUH 0. Suppose that the economy is depicted by the following relationship: Expenditures =C+I+G+X where: C = $100+ 0.80 (Y-T) G=$ 600 T= $ 600 I= $300 X = $ 150 The economy is in equilibrium at a level of real GDP or income of $ 3,350 (Round your answer to the nearest dollar:) Now suppose that the government decides to increase government spending by $125 What is the new equilibrium level of GDP or income? $ (Round your...
Consider an economy in long run equilibrium described by the following equations: Y = C + I + G +...
Consider an economy in long run equilibrium described by the following equations: Y = C + I + G + NX Y = 5000 G = 1000 T = 1000 C = 250 + 0.75*( Y - T ) I = 1000 - 50*r NCO = 500 - 50*r Where r is the real interest rate (in % terms). Suppose G rises to 1250 without any change in T. Solve again for the equilibrium real interest rate and the rest...
Question 83 (Mandatory) (1 point) Which term refers to the rate of unemployment that occurs when...
Question 83 (Mandatory) (1 point) Which term refers to the rate of unemployment that occurs when the economy is producing its potential GDP? a) the natural rate of unemployment b) cyclical unemployment c) structural unemployment d) the normal rate of unemployment Question 84 (Mandatory) (1 point) Exhibit 14-3 Price level Potential output LRAS SRAS AD Real GDP Refer to the graph in the exhibit. In this situation, how could the Bank of Canada return the economy to potential output? a)...
1.) Suppose an economy is initially in equilibrium when GDP equals $16 trillion. Now suppose government...
1.) Suppose an economy is initially in equilibrium when GDP equals $16 trillion. Now suppose government spending increases by $0.3 trillion and that the economy's multiplier is 3. What is the new equilibrium level of GDP? Provide your answer in dollars measured in trillions round to two decimal places. Do not include any symbols, such as "$," "=," "%," or "," in your answer.
help with part c please!!! Suppose that real GDP is currently 51.47 trillion potential GDP is...
help with part c please!!!
Suppose that real GDP is currently 51.47 trillion potential GDP is $1.53 trillion, the government purchases multiplier is 2, and the tax multiplier is -15 a. Holding other factors constant, government purchases will need to be increased by $ 0.03 trillion to bring the economy to equilibrium at potential GDP (Round fo four decimal places as needed.) b. Holding other factors constant, taxes have to be cut by $ 0.04 trillion to bring the economy...
help please
10. In a mixed open economy, equilibrium GDP exists where a. GDP =C+I+G b. C+1 5 +T+X C+I+X+ G- GDP d. C+I+X-S+T b. 11. In the Aggregate Expenditure model, when unplanned inventories are greater than zero Consumption will decrease Output will increase Output will decrease Imports will decrease d. b. 12. When GDP > AE, what is the situation in the marketplace? shortage equilibrium efficiency d. surplus c. 13. In a closed economy the only participants are. a....
Suppose that the economy is depicted by the following relationship: Expenditures =C+I+G+X where: C = $100 + 0.90 (Y-T) G = $500 T= $ 500 1 = $ 200 X = $ 50 The economy is in equilibrium at a level of real GDP or income of $ (Round your answer to the nearest dollar) Enter your answer in the answer box and then click Check Answer
7. Equilibrium GDP on the demand side occurs when a. total spending equals total production, and inventories are zero. b. total spending equals total production, and inventories remain at desired levels. c. total spending exceeds total production, and inventories are rising. d. total spending is less than total production, and inventories are falling. For the next four questions refer to the following equations: C = 50+ 0.8 Y I= 100 8. The equilibrium level of GDP in this economy is:...
The following equations describe the domestic economy: C 20+0.8Y I 0, G 0 X 0.03Y, and Q 0.3Y And the following equations describe the foreign economy: C" =2000.8Y I0, G =0, -75+0.25Y, and Q0.1Y X= Suppose the real exchange rates in both economies are fixed and equal to one. Find equilibrium Y and Y* b) Suppose that the domestic economy experiences a 10% drop in its autonomous consumption, a) i.e. the consumption function changes to C = 18+0.8Y Find the...
1. In a closed economy to have sustainable output, Aggregate Expenditures are equal toa. Consumptionb. Consumption + Investmentc. Consumption + Investment + Govemmentd. Consumption + Investment + Net Exports2. The calculation 1 /(1-MPC) equalsa. Marginal Propensity to Saveb. Multiplierc. Aggregate Expenditured. Average Consumption3. In a closed economy, when Aggregate Expenditures equal GDP.a. Consumption equals investmentb. Consumption equals aggregate expenditurec. Saving = Planned Investmentd. Disposable income equals consumption minus saving4. Net exports are calculated asa. Importsb. Imports - Exportsc. Exports -...
CUCep UJUH 0. Suppose that the economy is depicted by the following relationship: Expenditures =C+I+G+X where: C = $100+ 0.80 (Y-T) G=$ 600 T= $ 600 I= $300 X = $ 150 The economy is in equilibrium at a level of real GDP or income of $ 3,350 (Round your answer to the nearest dollar:) Now suppose that the government decides to increase government spending by $125 What is the new equilibrium level of GDP or income? $ (Round your...
Question 83 (Mandatory) (1 point) Which term refers to the rate of unemployment that occurs when the economy is producing its potential GDP? a) the natural rate of unemployment b) cyclical unemployment c) structural unemployment d) the normal rate of unemployment Question 84 (Mandatory) (1 point) Exhibit 14-3 Price level Potential output LRAS SRAS AD Real GDP Refer to the graph in the exhibit. In this situation, how could the Bank of Canada return the economy to potential output? a)...
help with part c please!!!
Suppose that real GDP is currently 51.47 trillion potential GDP is $1.53 trillion, the government purchases multiplier is 2, and the tax multiplier is -15 a. Holding other factors constant, government purchases will need to be increased by $ 0.03 trillion to bring the economy to equilibrium at potential GDP (Round fo four decimal places as needed.) b. Holding other factors constant, taxes have to be cut by $ 0.04 trillion to bring the economy...
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