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Use the data in the table below to answer questions 1 through 5. Year G T GDP 2002 $800 $600 $1,500 2003 $850 $700 $1,600
Use the data in the table below to answer questions 1 through 5. Year G T GDP 2002 $800 $600 $1,500 2003 $850 $700 $1,600 2004 $900 $900 $1,800 2005 $900 $950 $2,000 2006 $950 $1,050 $2,000 During what period does the severity of the debt decrease without a surplus? O A. From 2002 to 2003 B. From 2004 to 2005 C. From 2003 to 2004 XO D. From 2005 to 2006 X IncorrectFor an economy with C = $5000 + 0.6Y", / = $1000, G = $800, 7 = $1000, NX = $-200 where the dollar amounts are in millions of dollars, equilibrium income ( in millions) Is XO A. $12,000 B. $15,000 C. $16,500 D. $19,000 E. None of the above. X Incorrect\fBank reserves increase by $5,000 when the RRR is 15%. The banks initially hold an additional 1% as excess reserves but then lend out all excess reserves so that the actual eserves are equal to the required reserves. By how much does the money supply Increase when the banks change from 1% to 0% excess reserves? Please round your answer to the nearest hundredth. Incorrect
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