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 301 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 65% of students answer this correctly


吴鸿伟

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


« previous next »
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

A peroxidation reaction involving a fatty acid is depicted in the figure below. A peroxidation reaction involving a fatty acid is depicted in the figure below.
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Neuronal action potential. Neuronal action potential.
The Importance in the World Fossil Fuel Economy The Importance in the World Fossil Fuel Economy
Figure and Ground Figure and Ground
Resting Membrane Potential Resting Membrane Potential
Video: Five phases of cardiac cycle & Atrial contraction

For a complete list of videos, visit our video library