Question
Please refer to the attachment and answer the following questions: 10) The vertical intercept for the consumption function is _____ 11) The slope of the
Please refer to the attachment and answer the following questions:
10) The vertical intercept for the consumption function is _____
11) The slope of the consumption function is _____
12) The vertical intercept of the AE equation is _______
13) The slope of the AE equation is ________
14) Equilibrium output is equal to _______
15) Equilibrium consumption is equal to _______
16) Suppose the Consumption function changes to C=500 +.75(Y-T) - 30(r).
The new value of equilibrium output is ________.
17) The new value of equilibrium consumption is ________.
18) The Consumption function is still C=500 +.75(Y-T) - 30(r). The government spending multiplier in this economy is_____
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