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Author Question: Assume that the MPCis 0.75. If government spending increases by $400, equilibrium output ________; ... (Read 74 times)

leo leo

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on: Apr 19, 2019

Question 1

If government purchases are decreased by $800 and taxes are decreased by $800, the equilibrium level of income will


◦ decrease by $800.
◦ increase by $800.
◦ not change.
◦ decrease by $1600.

Question 2

Assume that the 
MPC is 0.75. If government spending increases by $400, equilibrium output ________; and if taxes increase by $400, equilibrium output ________.


◦ increases by $1,600; decreases by $1,600
◦ increases by $1,600; decreases by $1,200
◦ increases by $1,200; decreases by $1,600
◦ increases by $400; decreases by $400
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by leo leo on Apr 19, 2019

allisonblackmore

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Reply #1 on: Apr 19, 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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leo leo

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

mjenn52

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

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