Author Question: The economy of Bananaland can be characterized by Equation 24.5. EQUATION 24.5: C= 2,000 + 0.75 Yd ... (Read 33 times)

jrubin · **on:** Apr 19, 2019

Question 1

If the government spending multiplier is 5 and government spending decreases by $200 billion, output will ________ by $________ billion.

◦ increase; 200
◦ decrease; 1,000
◦ decrease; 40
◦ decrease; 200

Question 2

The economy of Bananaland can be characterized by Equation 24.5.

EQUATION 24.5:

C = 2,000 + 0.75
Yd

T = 200

G = 400

I = 500

Refer to Equation 24.5. The equilibrium level of income in Bananaland is

◦ 4,800.
◦ 5,600.
◦ 10,000.
◦ 11,000.

kristenb95 · **Reply #1 on:** Apr 19, 2019

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