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The table below shows the effect of changes in various economic variables in the countries of Beckland and Heineken. For every $10 million change in
The table below shows the effect of changes in various economic variables in the countries of Beckland and Heineken. For every $10 million change in money supply Beckland Interest rates change by 1.5 percentage point. Heineken Interest rates change by 2 percentage points. For every 1 percentage point change in interest rates Investment spending and net exports change by a total of $20 million. Investment spending and net exports change by a total of $5 million. For every $10 million change in expenditures For every $10 million change in aggregate demand Aggregate demand changes by $40 million. The price index changes by 9.5 point and real GDP changes by $5 million. Aggregate demand changes by $30 million. The price index changes by 2 points and real GDP changes by $5 million. What is the effect of an increase of $10 million in money supply on the price level and the level of real GDP in each country? Beckland price change: by |:| points. Beckland GDP change: (Clickto select) 9 by $ millions. Heineken price change: by |:| points. Round your price to 1 decimal place. Heineken GDP change: (Clickto select) : by $ |:| millions
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