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Author Question: Refer to Figure 12-3. Suppose that investment spending increases by $10 million, ... (Read 64 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
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Coya19@aol.com

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Reply 2 on: Mar 16, 2019
YES! Correct, THANKS for helping me on my review

parker125

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Reply 3 on: Yesterday
Wow, this really help

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