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Author Question: If the MPC = 0.8, and planned autonomous investment increases by 80 billion, then equilibrium real ... (Read 118 times)

oliviahorn72

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on: Jun 30, 2018
If the MPC = 0.8, and planned autonomous investment increases by 80 billion, then equilibrium real GDP will increase by
 
  A) 320 billion. B) 80 billion. C) 400 billion. D) 64 billion.

Question 2

Figure 4.3 illustrates the demand for tacos. Assume that tacos and burritos are substitutes. A decrease in the price of burritos would bring about a movement from
 
  A) point a to point c. B) point c to point b. C) D2 to D0. D) D1 to D2.


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guyanai

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


oliviahorn72

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

chereeb

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

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