Please answer the following. No need for a detailed answer/solution for this is very urgent. Just write the answers. Thanks. (The following is about 2-sector model, 3-sector model, 4-sector model, and aggregate demand/aggregate supply).

6:30 PM 2 0 Aggregate Demand to shift right Aggregate Supply to shift right Which of the following is not correct ? * O MPC+MPS=1 O 1- MPC = MPS O MPS= MPC+1 O both a and b. The only difference between the tax and * transfer multipliers is the transfer multiplier is the same as the the tax multiplier the tax multiplier is one more than the transfer multiplier one affects disposable income while the other affects MPC one is positive while the other is if at all levels of income, people decide to * save a greater portion of their incomes, which of the following is the correct outcome ? The saving function shifts down, the consumption function shifts up, and income remains constant. The saving function shifts up, the consumption function remains where it was initially, and income rises. The saving function shifts up, the consumption function shifts down, and income increases . The saving function shifts up, the consumption function shifts down, and Income decreases. Assume government spending increases * by P1 billion and taxes are unchanged. If the MPS is . 15, the equilibrium GDP (income) will increase by _ _ billion O P4 O P5 O P2.5 P6.7 If a nation buys P3.5 billion in foreign goods and services and sells P.5 billion to foreigners, it has a: O surplus of P4 billion in its balance of trade surplus of P3 billion in its balance of deficit of P4 billion in its balance of trade deficit of P3 billion in its balance of Assume the current equilibrium level of income is P200 billion as compared to the full employment income level of P240 billion. If the MPC is 0.6, what change in autonomous expenditures is needed to achieve full employment? an increase of P16 billion an increase of P25 billion O an increase of P10 billion an increase of P12 billion The value of net exports is: * O always positive always larger than government expenditures an injection into the economy if exports exceed imports an injection into the economy if imports exceed exports If the value of the multiplier is 4, an increase in investment of P10 will induce an increase in consumption of: O P10 O P20 P30 O P4 The numerical value of the simple multiplier will be smaller the smaller the marginal propensity to consume O Smaller the average propensity to O smaller the marginal propensity to save O larger the average propensity to save If the full employment level of output is P500, the existing equilibrium level of output is P380, and the value of MPS is .25, full employment equilibrium can be achieved by additional O consumption of P90 government expenditures of P30 government expenditures of P120 investment of P120 If disposable income rises from P600 billion in year 1 to $650 billion in year 2 and household consumption subsequently increases from P540 billion in year 1 to P570 billion in the average propensity to consume in year 1 was 0.60 0.70 O 0.80 0.90