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Author Question: Government spending increases by $80 billion and the equilibrium level of output increases by $320 ... (Read 201 times)

xclash

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on: Apr 19, 2019

Question 1

The economy of Kiwiland can be characterized by Equation 24.6.



EQUATION 24.6:




C = 1,000 + 0.5
Yd


T = 200


G = 400


I = 500





Refer to Equation 24.6. If government spending in Kiwiland increases by 400, equilibrium output increases by


◦ 400.
◦ 800.
◦ 1,600.
◦ 2,000.

Question 2

Government spending increases by $80 billion and the equilibrium level of output increases by $320 billion. The government spending multiplier


◦ is 4.
◦ is 5.
◦ is 6.
◦ cannot be determined from this information, because the 
MPC is not given.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by xclash on Apr 19, 2019

Liddy

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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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xclash

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

Liddy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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