QUESTION 17

Content X Question 17 of 42 - Homework 1 X Homework Help - Q&A from Onl X + X C assessments.macmillanlearning.com/sac/6975682#/6975682/16/-1 G UIC Blackboard UIC Welcome | myUIC i Handshake wco The Writing Center Packback @Grammarly: Free O... Check-in FALL 2022... E F22 KIMS Online SE.. UIC Final Exam Schedul... 17 of 42 Questions Assignment Score: 75.1% Resources Hint Check Answer 13 Question 97% 4 of 4 Attempts Correct As the marginal propensity to consume (MPC) increases, the spending multiplier 14 Question 100% 1 of 4 Attempts Correct Macmillan Learning O remains the same. 15 Question 99.5% O decreases. 2 of 4 Attempts Correct O increases. 16 Question 98.3% 3 of 4 Attempts Correct If the marginal propensity to consume is 0.70, then, assuming there are no taxes or imports, what is the multiplier? 17 Question 0% 0 of 4 Attempts Round to the nearest tenth. 18 Question 0% 0 of 4 Attempts multiplier: 19 Question 48.5% 4 of 4 Attempts Out of Attempts 20 Question Given the calculated multiplier, what is the total impact on spending when there is a $1,000 increase in government spending? 0% 0 of 4 Attempts 21 Question 99% 2 of 4 Attempts Correct 42.F zoom ENG 8:54 AM Search D Cloudy 11/24/2022Content X Question 18 of 42 - Homework 1 X Homework Help - Q&A from Onl X + X C assessments.macmillanlearning.com/sac/6975682#/6975682/17/-1 G UIC Blackboard UIC Welcome | myUIC fi Handshake wco The Writing Center Packback @ Grammarly: Free O... Check-in FALL 2022... E F22 KIMS Online SE.. UIC Final Exam Schedul... 18 of 42 Questions 15 Question 99.5% Use the graph to illustrate the effects of a $10 billion increase in government spending. Assume that the economy is initially 2 of 4 Attempts Correct producing at full employment, and the spending multiplier (m) is 10. 16 Question 98.3% Macmillan Learning What is the marginal propensity to consume (MPC)?? 3 of 4 Attempts Correct 17 Question 0% 0 of 4 Attempts MPC = $ 165 18 Question 0% LRAS 0 of 4 Attempts 160 155 19 Question 48.5% 150 4 of 4 Attempts Out of Attempts 145 20 Question 0% Price level (P) 140 0 of 4 Attempts E 135 21 Question 130 99% 2 of 4 Attempts Correct 125 AD 120 22 Question 0% 0 of 4 Attempts 115 0 50 100 150 200 250 300 350 400 450 500 Real GDP 23 Question 97% 42.F 200m ENG 8:55 AM Search D Cloudy 11/24/2022Content X Question 20 of 42 - Homework 1 X Homework Help - Q&A from Onl X + X C assessments.macmillanlearning.com/sac/6975682#/6975682/19/-1 G UIC Blackboard UIC Welcome | myUIC fi Handshake wco The Writing Center Packback @ Grammarly: Free O... Check-in FALL 2022... E F22 KIMS Online SE.. UIC Final Exam Schedul... 20 of 42 Questions 15 Question 99.5% Suppose Kittyville's full-employment GDP is $600 billion, and the current equilibrium GDP is $400 billion. The MPC in 2 of 4 Attempts Correct this economy equals 0.90. Kittyville's economy has expenditure gap. To correct this gap, Kittyville 16 Question government spending or taxes. 98.3% hires an economist, Kittyzen Keynes, who suggests Macmillan Learning 3 of 4 Attempts Correct Suppose Kittyville decides to change government spending under Keynes' advice. By how much must government spending change to correct for the expenditure gap (rounded to nearest billion dollars)? 17 Question 0% 0 of 4 Attempts 18 Question 0% 0 of 4 Attempts billion dollars 19 Question 48.5% 4 of 4 Attempts Out of Attempts Suppose Kittyville instead decides to change taxes under Keynes' advice. By how much must taxes change to correct for the expenditure gap (rounded to nearest billion dollars)? 20 Question 0% 0 of 4 Attempts 21 Question 99% billion dollars 2 of 4 Attempts Correct 22 Question 0% 0 of 4 Attempts 23 Question 97% 43.F 200m ENG 8:59 AM 11/24/2022 D Cloudy SearchContent X Question 22 of 42 - Homework 1 X Homework Help - Q&A from Onl X + X C assessments.macmillanlearning.com/sac/6975682#/6975682/21/-1 G UIC Blackboard UIC Welcome | myUIC fi Handshake wco The Writing Center Packback @ Grammarly: Free O... Check-in FALL 2022... E F22 KIMS Online SE.. UIC Final Exam Schedul... 22 of 42 Questions 15 Question 99.5% 2 of 4 Attempts What is the eventual effect on real GDP if the government Correct increases its purchases of goods and services by $50,000? Assume the marginal propensity to consume (MPC) is 0.75. 16 Question 98.3% Macmillan Learning 3 of 4 Attempts Correct What is the eventual effect on real GDP if the government, 17 Question 0% instead of changing its spending, increases transfers by 0 of 4 Attempts $50,000? Assume the MPC has not changed. 18 Question 0% 0 of 4 Attempts An increase in government transfers or taxes, as opposed 19 Question 48.5% to an increase in government purchases of goods and 4 of 4 Attempts Out of Attempts services, will result in an identical eventual effect on real GDP. 20 Question 0% 0 of 4 Attempts a larger eventual effect on real GDP. no change to real GDP. 21 Question 99% 2 of 4 Attempts Correct a smaller eventual effect on real GDP. 22 Question 0% 0 of 4 Attempts 23 Question 97% 43.F Search ENG 8:59 AM D Cloudy 200m 11/24/2022