Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The table below shows aggregate expenditure in the short-run, answer the following questions in the spaces provided below (81, C1) Aggregate output (1) 0 1

image text in transcribed
image text in transcribed
The table below shows aggregate expenditure in the short-run, answer the following questions in the spaces provided below (81, C1) Aggregate output (1) 0 1 G Aggregate Expenditure AE 20 30 10 100 100 30 10 200 180 30 10 300 260 30 10 400 340 30 10 500 420 30 10 600 500 30 10 700 580 30 10 Instructions: 1. What is the value of MPC? 2. What is the value of MPS? 3. What is the value of autonomous consumption? 4. What is the amount of equilibrium consumption? 5. What is the amount of saving when Y = 200? 6. What is the amount of autonomous expenditure? 7. What is the amount of equilibrium expenditure? 8. What is the size of expenditure Multiplier? 9. What is the value of unplanned inventory when Y = 600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Applied Econometrics

Authors: Aaron D Smith, J Edward Taylor

1st Edition

0520288335, 9780520288331

More Books

Students also viewed these Economics questions

Question

c. What groups were least represented? Why do you think this is so?

Answered: 1 week ago

Question

7. Describe phases of multicultural identity development.

Answered: 1 week ago