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Author Question: Table 12-12 Refer to Table 12-12.Using the table above, answer the following questions. The numbers ... (Read 85 times)

jwb375

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on: Mar 16, 2019

Question 1

Discuss the leading causes of the Great Depression. Use the 45-degree line diagram to show how they caused a decline in GDP.



Question 2

Table 12-12









Refer to Table 12-12.  Using the table above, answer the following questions. The numbers in the table are in billions of dollars.

a. What is the equilibrium level of real GDP?

b. What is the MPC?

c. If potential GDP is $7,000 billion, is the economy at full employment? If not, what is the condition of the economy?

d. If the economy is not at full employment, by how much should government spending increase so that the economy can move to the full employment level of GDP?

Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by jwb375 on Mar 16, 2019

abro1885

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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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jwb375

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Reply 2 on: Mar 16, 2019
YES! Correct, THANKS for helping me on my review

flexer1n1

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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