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Author Question: Refer to Figure 12-4.Potential GDP equals $100 billion. The economy is currently ... (Read 291 times)

rachel9

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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 $200 billion. If the MPC is 0.8, then what is the distance between N and L or by how much did government spending change?


◦ $16 billion
◦ $40 billion
◦ $200 billion
◦ $1,000 billion

Question 2

Figure 12-4










Refer to Figure 12-4.  Potential GDP equals $100 billion. The economy is currently producing GDP
1 which is equal to $90 billion. If the MPC is 0.8, then how much must autonomous spending change for the economy to move to potential GDP?


◦ -$18 billion
◦ -$2 billion
◦ $2 billion
◦ $18 billion
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by rachel9 on Mar 16, 2019

josephsuarez

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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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吴鸿伟

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Reply #2 on: Mar 25, 2023
thank you


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