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Author Question: Refer to Figure 12-3. Suppose that investment spending increases by $10 million, ... (Read 66 times)

Coya19@aol.com

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on: Mar 16, 2019

Question 1

Table 12-15









Refer to Table 12-15.  Using the table above, answer the following questions. The numbers in the table are in billions of dollars.

a. What is the equilibrium level of real GDP?

b. What is the MPC?

c. If investment spending declines by $10 billion, what will happen to equilibrium GDP?



Question 2

Figure 12-3










Refer to Figure 12-3.  Suppose that investment spending increases by $10 million, shifting up the aggregate expenditure line and GDP increases from GDP
1 to GDP
2. If the MPC is 0.9, then what is the change in GDP?


◦ $9 million
◦ $10 million
◦ $90 million
◦ $100 million
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by Coya19@aol.com on Mar 16, 2019

taylorsonier

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Reply #1 on: Mar 16, 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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Coya19@aol.com

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Reply 2 on: Mar 16, 2019
Great answer, keep it coming :)

brbarasa

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Reply 3 on: Yesterday
Excellent

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