Homework Answers
Answer: Because it would mean that goods are produced but piling up unsold
If output was above the equilibrium level, then the real output
is greater than the aggregate expenditure in the economy. This is
unreasonable because it would mean that goods are produced but
piling up unsold.
Kindly upvote:)
Because it would mean that spending exceeds the number of goods being produced.
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QUESTION 55.1 POINT Assume that output is above the equilibrium level in the Keynesian cross diagram....
Solve 1. 2. 3. 4. 5. 1 Keynesian Cross Assume that households' consumption function is given...
Solve 1. 2. 3. 4. 5.
1 Keynesian Cross Assume that households' consumption function is given by C(Y -T) 50+ 0.75(Y T), that firms' investment function is I(r) 150 10r, government spending is G 150, and the tax bill T 200. 1. What is the Marginal Propensity to Consume "MPC")? 2. What is the equilibrium level of real GDP in the goods market if the real interest rate is 5%? (Plug in r = 5 for 5%, rather than 0.05...
Question 2 In the Keynesian cross, assume that the consumption function is given by C = 150 +0.7 (Y-T) Planned inve...
Question 2 In the Keynesian cross, assume that the consumption function is given by C = 150 +0.7 (Y-T) Planned investment is: I = 100 - 10 *r Government purchases and taxes are both 50. a. Graph consumption as function of income. b.Graph investment as function of the real interest rate. c.Suppose that the real interest rate is 5. Write the equation of the planned expenditure. d.Suppose that the real interest rate is 5. What is the equilibrium level of...
please answer part h to part k Question 2 In the Keynesian cross, assume that the consumption function is given by C = 1...
please answer part h to part
k
Question 2 In the Keynesian cross, assume that the consumption function is given by C = 150 +0.7 (Y-T) Planned investment is: I = 100 - 10 *r Government purchases and taxes are both 50. a. Graph consumption as function of income. b.Graph investment as function of the real interest rate. c.Suppose that the real interest rate is 5. Write the equation of the planned expenditure. d.Suppose that the real interest rate is...
Question 2 In the Keynesian cross, assume that the consumption function is given by c-150+0.7(Y-T Planned...
Question 2 In the Keynesian cross, assume that the consumption function is given by c-150+0.7(Y-T Planned investment is: I-100-10 Govemment purchases and taxes are both so. Graph consumption as function of income a b. Graph investment as function of the real interest rate. Suppose that the real interest rate is 5. Write the cquation of the planned expenditure. d. Suppose that the real interest rate is 5. What is the equilibeium level of income? Using the oquation of the plannod...
question #3 a,b,c,d,e I am confused thankyou pically TISS. level of out rate, or the inflation...
question #3 a,b,c,d,e
I am confused thankyou
pically TISS. level of out rate, or the inflation rate? lowing typic employment rate uring the 1930s w the Grear Great Depression differ? the nodel laid out in Who spends? Who saves? we? Who is the definition of a iffer from measured GDP? 11, List five factors, aside from the level of in level of output, the that can affect the level of consumption macroeconomy. how did economists' opinions 2 12. Why isn't...
if anyone could help with these it would mean the world! just study guide questions! please...
if anyone could help with these it would mean the world! just
study guide questions! please number answers in order pictures are
sent would help so much thank you!
Gross domestic product is defined as Select one: 0 a. the quantity of all final goods and services demanded with a country in a given period of time. O b. the quantity of all final goods and services supplied within a country in a given period of time. O c. the...
1. Equilibrium GDP can operate at, below, or above full employment GDP. True/False 2. Imports have...
1. Equilibrium GDP can operate at, below, or above full employment GDP. True/False 2. Imports have the same effect on the current size of GDP as A) exports B) investment C) consumption D) savings 3. With an MPC of 0.75, a $10 billion decrease in taxes will decrease equilibrium GDP by $30 billion. True/False 4. If equilibrium GDP exceeds full employment GDP, a recessionary gap exists. True/False 5. The economy below would be characterized as a domestic output AE, closed...
1. TRUE/FALSE( 1 mark per question, 20 marks in total) 11] An economy's income is the...
1. TRUE/FALSE( 1 mark per question, 20 marks in total) 11] An economy's income is the same as its expenditure because every transaction has a buyer and a seller. [21 GDP is the market value of all final goods and services produced by a country's citizens in a given period of time. 3] If nominal GDP is $10,000 and real GDP is $8,000, then the GDP deflator is 125. 14) Other things equal, in countries with higher levels of real...
1. TRUE/FALSE( 1 mark per question, 20 marks in total) [1 An economy's income is the...
1. TRUE/FALSE( 1 mark per question, 20 marks in total) [1 An economy's income is the same as its expenditure because every transaction has a buyer and a seller. 2) GDP is the market value of all final goods and services produced by a country's citizens in a given period of time. (3) If nominal GDP is $10,000 and real GDP is $8,000, then the GDP deflator is 125 14) Other things equal, in countries with higher levels of real...
1. TRUE/FALSE(1 mark per question, 20 marks [i] An economy's income is the same as its...
1. TRUE/FALSE(1 mark per question, 20 marks [i] An economy's income is the same as its expenditure because every transaction P) GDP is the market value of all final goods and services produced by a country's (3] If nominal GDP is $10,000 and real GDP is $8,000, then the GDP deflator is 125. has a buyer and a seller. citizens in a given period of time. 41 Other things equal, in countries with higher levels of real GDP per person,...
Solve 1. 2. 3. 4. 5.
1 Keynesian Cross Assume that households' consumption function is given by C(Y -T) 50+ 0.75(Y T), that firms' investment function is I(r) 150 10r, government spending is G 150, and the tax bill T 200. 1. What is the Marginal Propensity to Consume "MPC")? 2. What is the equilibrium level of real GDP in the goods market if the real interest rate is 5%? (Plug in r = 5 for 5%, rather than 0.05...
Question 2 In the Keynesian cross, assume that the consumption function is given by C = 150 +0.7 (Y-T) Planned investment is: I = 100 - 10 *r Government purchases and taxes are both 50. a. Graph consumption as function of income. b.Graph investment as function of the real interest rate. c.Suppose that the real interest rate is 5. Write the equation of the planned expenditure. d.Suppose that the real interest rate is 5. What is the equilibrium level of...
please answer part h to part
k
Question 2 In the Keynesian cross, assume that the consumption function is given by C = 150 +0.7 (Y-T) Planned investment is: I = 100 - 10 *r Government purchases and taxes are both 50. a. Graph consumption as function of income. b.Graph investment as function of the real interest rate. c.Suppose that the real interest rate is 5. Write the equation of the planned expenditure. d.Suppose that the real interest rate is...
Question 2 In the Keynesian cross, assume that the consumption function is given by c-150+0.7(Y-T Planned investment is: I-100-10 Govemment purchases and taxes are both so. Graph consumption as function of income a b. Graph investment as function of the real interest rate. Suppose that the real interest rate is 5. Write the cquation of the planned expenditure. d. Suppose that the real interest rate is 5. What is the equilibeium level of income? Using the oquation of the plannod...
question #3 a,b,c,d,e
I am confused thankyou
pically TISS. level of out rate, or the inflation rate? lowing typic employment rate uring the 1930s w the Grear Great Depression differ? the nodel laid out in Who spends? Who saves? we? Who is the definition of a iffer from measured GDP? 11, List five factors, aside from the level of in level of output, the that can affect the level of consumption macroeconomy. how did economists' opinions 2 12. Why isn't...
if anyone could help with these it would mean the world! just
study guide questions! please number answers in order pictures are
sent would help so much thank you!
Gross domestic product is defined as Select one: 0 a. the quantity of all final goods and services demanded with a country in a given period of time. O b. the quantity of all final goods and services supplied within a country in a given period of time. O c. the...
1. TRUE/FALSE( 1 mark per question, 20 marks in total) 11] An economy's income is the same as its expenditure because every transaction has a buyer and a seller. [21 GDP is the market value of all final goods and services produced by a country's citizens in a given period of time. 3] If nominal GDP is $10,000 and real GDP is $8,000, then the GDP deflator is 125. 14) Other things equal, in countries with higher levels of real...
1. TRUE/FALSE( 1 mark per question, 20 marks in total) [1 An economy's income is the same as its expenditure because every transaction has a buyer and a seller. 2) GDP is the market value of all final goods and services produced by a country's citizens in a given period of time. (3) If nominal GDP is $10,000 and real GDP is $8,000, then the GDP deflator is 125 14) Other things equal, in countries with higher levels of real...
1. TRUE/FALSE(1 mark per question, 20 marks [i] An economy's income is the same as its expenditure because every transaction P) GDP is the market value of all final goods and services produced by a country's (3] If nominal GDP is $10,000 and real GDP is $8,000, then the GDP deflator is 125. has a buyer and a seller. citizens in a given period of time. 41 Other things equal, in countries with higher levels of real GDP per person,...
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