Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Unanswered . 1 attempt left Submit Fill in the table below to answer the next five questions. Assume that I , G and NX are

image text in transcribed
Unanswered . 1 attempt left Submit Fill in the table below to answer the next five questions. Assume that I , G and NX are fixed. Planned Investment Government Aggregate Expenditures Change in Real GDP (Y) Consumption (C) (IP) Expenditures (G) Net Exports (NX) (AE) Inventories 5000 6000 450 7000 1000 8000 6520 9000 7320 10000 8120 230 Question 36 Homework . Answered The marginal propensity to consume in this economy is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. 0.90 b 0.50 C 0.75 d 0.80 Answered . 0 attempts left Resubmit Question 37 Homework . Unanswered Question 37 Homework . Unanswered The equilibrium level of output in this economy is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 5000 b 9000 C 6000 d 7000 Unanswered . 1 attempt left Submit Question 38 Homework . Unanswered You are told that the aggregate level of taxes is equal to 0. What is the value of autonomous consumption? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 120 b 140 C 200 d 160 Unanswered . 1 attempt left Submit Question 39 Homework . Unanswered The full-employment level of output is $3000 above the current level of output. How much should the government change government expenditures in order for the new equilibrium to be equal to the full-employment level of output? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. 600 b 3000 -600 -3000 Unanswered . 1 attempt left Submit Question 40 Homework . Unanswered The full-employment level of output is $1000 below the current level of output. How much should the government change taxes in order for the new equilibrium to be equal to the full-employment level of output? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a -1000 -250 C 250 d 1000

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

A Course In Environmental Economics

Authors: Daniel J Phaneuf, Till Requate

1st Edition

1316866815, 9781316866818

More Books

Students also viewed these Economics questions

Question

Solve the integral:

Answered: 1 week ago

Question

What is meant by Non-programmed decision?

Answered: 1 week ago

Question

What are the different techniques used in decision making?

Answered: 1 week ago