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Author Question: Equations for C, I, G, and NX are given below. If the equilibrium level of GDP is 21,500, what is ... (Read 66 times)

mspears3

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on: Jun 29, 2018
Equations for C, I, G, and NX are given below. If the equilibrium level of GDP is 21,500, what is the marginal propensity to consume?
 
  C = 1,500 + (MPC)Y
  I = 1,000
  G = 2,000
  NX = -200
  A) 0.67 B) 0.75 C) 0.8 D) 0.9

Question 2

Refer to Figure 29-3. Consider the market for U.S. dollars against the Japanese yen shown above. An event which could have caused the changes shown in the graph would be
 
  A) an economic expansion in the United States.
  B) an increase in U.S. real income.
  C) a decrease in Japanese interest rates.
  D) speculators expect the dollar to depreciate in value in the near future.


nathang24

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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mspears3

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Reply #2 on: Jun 29, 2018
Thank you :)


nathang24

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Reply #3 on: Jun 29, 2018
Happy to help you


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