Homework Answers
MPC = 0.9
Government spending multiplier = 1/(1-mpc) = 1/(1-0.9) = 10
correct choice - is 10
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refer to table 24.6. the value of the government spending
multiplier
QUESTI 17 Refer to the...
13. The aggregate demand curve would shift to the left if 13. A. government spending were...
13. The aggregate demand curve would shift to the left if 13. A. government spending were increased. B. the money supply were increased. C. the cost of energy were to decrease. D. net taxes were increased. All Numbers are in S Billiion Consmption Planned Investment Government Output Net Spending Income) Taxes (C 100+0.9-Y) Savings Purchases Spending 2,400 100 2,800 100 3,000 100 3,200 100 3,400 100 3,600 100 3,800 100 2,170 2,530 2,710 2,890 3,070 3,250 3,300 150 170 190...
1. Refer the table below and answer the questions that follow. (4 Points) Aggregate Aggregate Aggregate...
1. Refer the table below and answer the questions that follow. (4 Points) Aggregate Aggregate Aggregate Planned Output Consumption Saving Investment ($ million) Y ($ million) ($ million) ($ million) Aggregate Expenditure AE=C+ 1,500 700 2,000 2,400 2,800 1,800 700 2,100 700 3,200 2,400 700 3,600 2,700 700 a. Fill in the table and find the equilibrium income. b. Find the MPC, MPS and the multiplier. c. If the planned investment increases by $100 million find the new equilibrium level...
provide an explanation with a steps of the answer for each question please 1,600 Planned aggregate expenditure, AE...
provide an explanation with a steps of the answer for each
question please
1,600 Planned aggregate expenditure, AE (billions of dollars) OS 1,600 Aggregate output, Y billions of dollars) Figure 24.5 1) Refer to Figure 24.5. If the economy is in equilibrium and the government decreases spending by $200 billion, equilibrium aggregate output decreases to S billion. A) 1,400 B) 1,200 C) 1,000 D) 800 2) Refer to Figure 24.5. If the economy is in equilibrium and the government increases...
Given the following information for the Macro Economy answer the following questions. In this economy we...
Given the following information for the Macro Economy answer the following questions. In this economy we have an MPC equal to 0.60, Autonomous Consumption of $100 billion, Planned Investment (I) of $1,000 billion, Government Spending (G) of $1,200 billion and Net Taxes (T) of $500 billion. a) Fill in the missing data in the table below (all the numbers are in billions). Y T Yd C S AE $2,000 500 1,500 1,000 1,000 3,200 $3,000 500 2,500 1,600 1,400 3,800...
Given the following information for the Macro Economy answer the following questions. In this economy we...
Given the following information for the Macro Economy answer the following questions. In this economy we have an MPC equal to 0.60, Autonomous Consumption of $100 billion, Planned Investment (I) of $1,000 billion, Government Spending (G) of $1,200 billion and Net Taxes (T) of $500 billion. a) Fill in the missing data in the table below (all the numbers are in billions). Y T Yd C S AE $2,000 500 1,500 1,000 1,000 3,200 $3,000 500 2,500 1,600 1,400 3,800...
Problem 11-7 (Algo) Refer to columns1 and 6 In the table below. Aggregate Expenditures Real Domes...
Problem 11-7 (Algo) Refer to columns1 and 6 In the table below. Aggregate Expenditures Real Domestic DI), Billions 5300 5350 5400 5450 $500 $550 5600 $650 Aggregate Exports Billions Output, (GDP Imports, BillionsBillions Net ExportsExpenditures Private Closed Economy, Billions 5340 S380 5420 5480 $500 $540 $580 $620 S30 S30 S30 S30 S30 S30 S30 S30 S20 S20 S20 S20 S20 S20 S20 S20 510 510 510 510 510 510 510 510 Private Open Economy, Billion:s S350 390 S430 S470 S510...
13. The aggregate demand curve would shift to the left if 13. A. government spending were increased. B. the money supply were increased. C. the cost of energy were to decrease. D. net taxes were increased. All Numbers are in S Billiion Consmption Planned Investment Government Output Net Spending Income) Taxes (C 100+0.9-Y) Savings Purchases Spending 2,400 100 2,800 100 3,000 100 3,200 100 3,400 100 3,600 100 3,800 100 2,170 2,530 2,710 2,890 3,070 3,250 3,300 150 170 190...
1. Refer the table below and answer the questions that follow. (4 Points) Aggregate Aggregate Aggregate Planned Output Consumption Saving Investment ($ million) Y ($ million) ($ million) ($ million) Aggregate Expenditure AE=C+ 1,500 700 2,000 2,400 2,800 1,800 700 2,100 700 3,200 2,400 700 3,600 2,700 700 a. Fill in the table and find the equilibrium income. b. Find the MPC, MPS and the multiplier. c. If the planned investment increases by $100 million find the new equilibrium level...
provide an explanation with a steps of the answer for each
question please
1,600 Planned aggregate expenditure, AE (billions of dollars) OS 1,600 Aggregate output, Y billions of dollars) Figure 24.5 1) Refer to Figure 24.5. If the economy is in equilibrium and the government decreases spending by $200 billion, equilibrium aggregate output decreases to S billion. A) 1,400 B) 1,200 C) 1,000 D) 800 2) Refer to Figure 24.5. If the economy is in equilibrium and the government increases...
Problem 11-7 (Algo) Refer to columns1 and 6 In the table below. Aggregate Expenditures Real Domestic DI), Billions 5300 5350 5400 5450 $500 $550 5600 $650 Aggregate Exports Billions Output, (GDP Imports, BillionsBillions Net ExportsExpenditures Private Closed Economy, Billions 5340 S380 5420 5480 $500 $540 $580 $620 S30 S30 S30 S30 S30 S30 S30 S30 S20 S20 S20 S20 S20 S20 S20 S20 510 510 510 510 510 510 510 510 Private Open Economy, Billion:s S350 390 S430 S470 S510...
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