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11 of 20 (8 complete) is Test 20 pts possib Suppose that in an econormy MPC...
1) Suppose that the national economy is experiencing a recession with an estimated recessionary gap of...
1) Suppose that the national economy is experiencing a recession with an estimated recessionary gap of $10 billion. Congress is considering the use of fiscal policy to ease the recession, and due to current political sentiments, it has determined that the maximum spending increase the government is willing to support is $3 billion. The government wants to make up the remainder of the recessionary gap using tax cuts. If a spending increase of $3 billion is approved and the MPC...
19 mIs Question. of 20 (15 complete)This Quiz: 20 pts possib i p A poll found...
19 mIs Question. of 20 (15 complete)This Quiz: 20 pts possib i p A poll found that 67.9% of citizens felt the government was not working well. If seven people were randomly selected, what is the probability that all seven felt the government is not working well? (Round to three decimal places as needed.) Enter your answer in the answer box
Assume that a hypothetical economy with an MPC of 0.8 is experiencing severe recession. Instructions: In...
Assume that a hypothetical economy with an MPC of 0.8 is experiencing severe recession. Instructions: In part a, round your answers to 2 decimal places. Enter positive numbers. In part b, enter your answers as whole numbers. a. By how much would government spending have to rise to shift the aggregate demand curve rightward by $50 billion? $________ billion. How large a tax cut would be needed to achieve the same increase in aggregate demand? $________ billion. b. Determine one...
1. Suppose that the MPC=.75. If the government was to increase equilibrium output by $10,000, by...
1. Suppose that the MPC=.75. If the government was to increase equilibrium output by $10,000, by how much should they increase government spending? 2. This question considers the link between the IS-LM model and the AD-AS model. Suppose the Fed increases the money supply. This causes the _________ curve to shift _______, which causes aggregate demand to shift ___________. Finally, equilibrium output _________ as a result. 3.Use the IS-LM diagram to answer the following: If the Fed increases the money...
Question 5: Equilibrium in the goods market Use the following information to answer the question(s) below....
Question 5: Equilibrium in the goods market Use the following information to answer the question(s) below. C=250+.75YD I = 250 1. Y to video Mosantoni vigou nomor G= 200 que vol 1) y lo s odabrow ni inte bus T= 200 (i.e. taxes are autonomous or exogenous) where C=Consumption spending; Yp=disposable income; I=investment spending; G- government spending: and T-taxes paid minus government transfers received by consumers. Remember that Yp=Y-T). (a) Determine the equilibrium level of output and the equilibrium level...
Time Remaining:00:58:37 Sut estion: 1 pt 4 of 20 (0 completo) This Quiz: 20 pts You...
Time Remaining:00:58:37 Sut estion: 1 pt 4 of 20 (0 completo) This Quiz: 20 pts You are given the following data about an economy that has a fixed price level, no imports, and no taxes. Disposable Consumption income expenditure (billions of dollars per year) Calculate the multiplier. The multiplier is 80 100 200 155 230 305 Calculate the increase in real GDP when autonomous spending increases by $5 billion. Why does real GDP increase by more than $5 billion? The...
5 Construction ABC, Inc. is deciding whether to purchase new cranes. The table below depicts the expected rate of...
5 Construction ABC, Inc. is deciding whether to purchase new cranes. The table below depicts the expected rate of return on the number of cranes purchased. Construction ABC, Inc.'s Investment Demand Expected Rate of Return Rs (percent) 18% Cranes eBook 15 12 3 Print 9 4 References 5 3 6 The bank has offered the firm a loan to fund the purchase of the new cranes at a real interest rate of 12% What is the quantity of cranes demanded?...
Use the following macroeconomic model structure to answer the questions followed. 8 pts C = 300...
Use the following macroeconomic model structure to answer the questions followed. 8 pts C = 300 + 0.8Yd; C = consumption function; Yd (Y-T) = disposable income I = 200; I = Investment G = 400; G = Government expenditure T = 200; T = Tax revenue Also assume that Yf = Full employment GDP (Potential GDP) = 5,000 8.1. The equilibrium GDP level (income) is _________. Hint: Ye = C+I+G a. 2,850 b. 3,700 c. 3,145 d. 3,800 8.2....
1. Suppose in a simple closed economy with MPC = 0.75, the planned investment spending nas...
1. Suppose in a simple closed economy with MPC = 0.75, the planned investment spending nas suddenly fallen, reducing AD and output to a level that below the natural level of output by 100 Million. Assume that the real interest rate is constant so that there is no crowding out of (gross) investment. (a) If the government decided to try to get the output back to the natural level of output using only a change in government spending (AG), by...
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...
19 mIs Question. of 20 (15 complete)This Quiz: 20 pts possib i p A poll found that 67.9% of citizens felt the government was not working well. If seven people were randomly selected, what is the probability that all seven felt the government is not working well? (Round to three decimal places as needed.) Enter your answer in the answer box
Question 5: Equilibrium in the goods market Use the following information to answer the question(s) below. C=250+.75YD I = 250 1. Y to video Mosantoni vigou nomor G= 200 que vol 1) y lo s odabrow ni inte bus T= 200 (i.e. taxes are autonomous or exogenous) where C=Consumption spending; Yp=disposable income; I=investment spending; G- government spending: and T-taxes paid minus government transfers received by consumers. Remember that Yp=Y-T). (a) Determine the equilibrium level of output and the equilibrium level...
Time Remaining:00:58:37 Sut estion: 1 pt 4 of 20 (0 completo) This Quiz: 20 pts You are given the following data about an economy that has a fixed price level, no imports, and no taxes. Disposable Consumption income expenditure (billions of dollars per year) Calculate the multiplier. The multiplier is 80 100 200 155 230 305 Calculate the increase in real GDP when autonomous spending increases by $5 billion. Why does real GDP increase by more than $5 billion? The...
5 Construction ABC, Inc. is deciding whether to purchase new cranes. The table below depicts the expected rate of return on the number of cranes purchased. Construction ABC, Inc.'s Investment Demand Expected Rate of Return Rs (percent) 18% Cranes eBook 15 12 3 Print 9 4 References 5 3 6 The bank has offered the firm a loan to fund the purchase of the new cranes at a real interest rate of 12% What is the quantity of cranes demanded?...
1. Suppose in a simple closed economy with MPC = 0.75, the planned investment spending nas suddenly fallen, reducing AD and output to a level that below the natural level of output by 100 Million. Assume that the real interest rate is constant so that there is no crowding out of (gross) investment. (a) If the government decided to try to get the output back to the natural level of output using only a change in government spending (AG), by...
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...
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