Question
C = $400 + 0.9YD If disposable income = $5,000, then the value of consumption (C) is? 2) If C=$400 + 0.75YD andIp=$600, then theEquilibrium
- C = $400 + 0.9YD
If disposable income = $5,000, then the value of consumption (C) is?
2) If C=$400 + 0.75YD andIp=$600, then theEquilibrium level of output is?
3)If AD= $1,000 + 0.75YD, and the current level of output produced is $5,000, then AD = , inventories are (increasing/decreasing), and firms will (increase/decrease) production in the next period
4)If the mpc = 0.75, then the mps = , and the multiplier =
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
