This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Figure 12-3. Suppose that investment spending decreases by $5 million, ... (Read 284 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Mar 16, 2019

Question 1

Figure 12-3










Refer to Figure 12-3.  Suppose that government spending increases, shifting up the aggregate expenditure line. GDP increases from GDP
1 to GDP
2, and this amount is $400 billion. If the MPC is 0.75, then what is the distance between N and L or by how much did government spending change?


◦ $10 billion
◦ $100 billion
◦ $200 billion
◦ $300 billion

Question 2

Figure 12-3










Refer to Figure 12-3.  Suppose that investment spending decreases by $5 million, decreasing aggregate expenditure and decreasing real GDP from GDP
2 to GDP
1. If the MPC is 0.8, then what is the change in GDP?


◦ -$4 million
◦ -$5 million
◦ -$25 million
◦ -$40 million
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bobbie on Mar 16, 2019

lolol

  • Sr. Member
  • ****
  • Posts: 330
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.
Answer Preview
Only 56% of students answer this correctly


bobbie

  • Hero Member
  • *****
  • Posts: 592
Reply #2 on: Mar 16, 2019
Thank you!


lolol

  • Sr. Member
  • ****
  • Posts: 330
Reply #3 on: Mar 16, 2019
Always glad to help...


« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Species richness decreases with distance from the source pool. Species richness decreases with distance from the source pool.
The basalt below the hominins is dated to 1.8 million years ago, and the geomagnetic polarity of the The basalt below the hominins is dated to 1.8 million years ago, and the geomagnetic polarity of the
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Saving and Investment Rates of Industrialized Countries, 1960–1974 Saving and Investment Rates of Industrialized Countries, 1960–1974
Figure and Ground Figure and Ground
Earth 200 Million Years Ago Earth 200 Million Years Ago
Video: Optic Nerve and Optic Disk Animation (Part 1 of 2)

For a complete list of videos, visit our video library