7. Suppose the MPC is .80, the MPI is .10, and the income tax rate is 15 percent. What is the multiplier in this economy? 2.38

8. What is the MPC? 0.80

9. What is the MPI? 0.10

10. What is the MPS?

11. What is the multiplier?

12. What is the equilibrium level of real GDP?

13. What is the value of autonomous consumption?

14. If government spending increases by $15, what is the new equilibrium level of real GDP?"

Chapter 10 Income and Expenditures Equilibrium Chapter 10 Income and Expenditures Equilibrium