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Author Question: Refer to Figure 12-3. Suppose that investment spending decreases by $5 million, ... (Read 144 times)

bobbie

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on: Mar 16, 2019

Question 1

Figure 12-3










Refer to Figure 12-3.  Suppose that government spending increases, shifting up the aggregate expenditure line. GDP increases from GDP
1 to GDP
2, and this amount is $400 billion. If the MPC is 0.75, then what is the distance between N and L or by how much did government spending change?


◦ $10 billion
◦ $100 billion
◦ $200 billion
◦ $300 billion

Question 2

Figure 12-3










Refer to Figure 12-3.  Suppose that investment spending decreases by $5 million, decreasing aggregate expenditure and decreasing real GDP from GDP
2 to GDP
1. If the MPC is 0.8, then what is the change in GDP?


◦ -$4 million
◦ -$5 million
◦ -$25 million
◦ -$40 million
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by bobbie on Mar 16, 2019

lolol

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Reply #1 on: Mar 16, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bobbie

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Reply #2 on: Mar 16, 2019
Thank you!


lolol

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Reply #3 on: Mar 16, 2019
Always glad to help...


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