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Figure 10.2 SAAS Price level LAAS, LRAS SHAS 112 110 ADE AD 110 11.8 12.1 Real GDP (billions of dollars) In Figure 10.2, given the
Figure 10.2 SAAS Price level LAAS, LRAS SHAS 112 110 ADE AD 110 11.8 12.1 Real GDP (billions of dollars) In Figure 10.2, given the economy is at point A in year 1 and point B in year 2, what is the growth rate in potential GDP between those two years? Select one: Oa. 9.1% Ob. 8% O c. 12% O d. 10%If some people who receive bank loans hold part of the amount as currency instead of depositing the full amount, the deposit multiplier to be _ _ _ _ _ _ _ it would have been if all loans are fully deposited in banks. Select one: O a. greater than O b. the same as O c. either greater than or smaller than O d. smaller thanFigure 9.3 Suppose that in Figure 23, investment spending increases by $10 million, shifting up the aggregate expenditure Line and GDP increases from GDP1 to GDP2. If the MPC is 0.9, then what is the change in GDP? Select one: O a. $90 million O b. s9 million O c. $10 million O d. $100 millionConsumption spending is 56 million, planned investment spending is $8 million, unplanned investment spending is -$2 million, government purchases are $10 million, and net export spending is $2 million. What is the GDP? Select one: O a. $15 million O b. $22 million O c. $25 million O d. $27 million
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