economics questions

Assume that a macroeconomy is described by the following behavioral equations C= 160 + 0.6YD [=150 G= 150 T= 100 where YD is the disposable income. Q: What is the income multiplier in T? Answer: Assume that a macroeconomy is described by the following behavioural equations C= 160+ 0.6 YD I= 150 G: 150 T: 100 where YD is the disposable income. Q: Which of the following will change equilibrium output by a larger amount? Select one: Q a. Raising taxes (T) by 100 billion b. All the other alternatives lead to the same change in output c. Cutting public spending (G) by 100 billion 000 0!. Reducing Investment (I) by 50 billion Assume that a macroeconomy is described by the following behavioral equations C= 160 + 0.6YD I=150 G= 150 T= 100 where his the disposable income. Q: What is the income multiplier for changes in I- ? Answer: Assume that a macroeconomy is described by the following behavioral equations C= 200 + 0.8YD I= 120 G = 140 T= 100 where YD is the disposable income. Q: What is the income multiplier in T? Answer: A drop in consumer confidence (C0) because of the current pandemic will cause Select one: Q a. An increase in taxes (T) O b. A decrease in production (Y) O c. An increase in Demand (2) 0 d. An Increase in production (Y) Using the information in this week's content, label the following statement as true or false: Fiscal policy describes the choice of government spending and taxes and is treated as endogenous in our goods market equilibrium Select one: 0 True 0 False Assume that a macroeconomy is described by the following behavioral equations C= 200 + 0.8YD I= 120 G = 140 T= 100 where YD is the disposable income. Q: What is the GDP of this economy