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The table below shows the consumption schedule for a hypothetical economy. All figures are in billions of dollars RGDP Consumption $600 $590 610 598 620
The table below shows the consumption schedule for a hypothetical economy. All figures are in billions of dollars RGDP Consumption $600 $590 610 598 620 606 630 614 640 622 650 660 630 638 If investments were fixed at $12, taxes were zero, government purchases of goods and services were zero, and net exports were zero, then equilibrium real GDP would be $610 initially. If government purchases were then raised from $0 to $4, other things constant, the equilibrium real GDP would become Multiple Choice $660 eal GDP would become Multiple Choice $660. $630. $640. $650. Do lilially. If government purchases were then aised me
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