This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Figure 12-4.Potential GDP equals $100 billion. The economy is currently ... (Read 272 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by rachel9 on Mar 16, 2019

josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
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.
Answer Preview
Only 31% of students answer this correctly


吴鸿伟

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Mar 25, 2023
thank you


« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Permeability to Ions During the Action Potential Permeability to Ions During the Action Potential
Time course and phases of a nerve cell going from resting potential to action potential Time course and phases of a nerve cell going from resting potential to action potential
The averaging of an auditory evoked potential. Averaging increases the signal-to-noise ratio. The averaging of an auditory evoked potential. Averaging increases the signal-to-noise ratio.
PV cells have potential for domestic and commercial use PV cells have potential for domestic and commercial use
What is the total resistance of the circuit in Figure 1? 150 What is the total resistance of the circuit in Figure 1? 150
The Ames test for potential mutagenicity of chemical compounds The Ames test for potential mutagenicity of chemical compounds
Video: Bipolar Disorder

For a complete list of videos, visit our video library