Refer to the information provided in Figure 23.11 below to answer ...

[nautica902]

Question 1

The ratio of the change in the equilibrium level of output to a change in some autonomous variable is the

◦ elasticity coefficient.
◦ multiplier.
◦ automatic stabilizer.
◦ marginal propensity of the autonomous variable.

Question 2

Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.













Refer to Figure 23.11. The equation for the aggregate expenditure function 
AE
₀ is

◦ AE
₀ = 50 + 0.6
Y.
◦ AE
₀ = 80 + 0.6
Y.
◦ AE
₀ = 50 + 0.75
Y.
◦ AE
₀ = 50 + 0.4
Y.

[mistyjohnson]

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Only 49% of students answer this correctly

[itsmyluck]

Question 1

Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.













Refer to Figure 23.11. The value of the multiplier is

◦ 2.
◦ 2.5.
◦ 3.
◦ 4.

Question 2

Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.













Refer to Figure 23.11. A $10 million increase in investment changes equilibrium output to

◦ $240 million.
◦ $225 million.
◦ $175 million.
◦ $90 million.

[k2629]

Answer 1

4.

Answer 2

$240 million.

[itsmyluck]

Thank you!

[k2629]

Always glad to help...

[altibaby]

Question 1

Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.













Refer to Figure 23.11. A $20 million decrease in autonomous consumption

◦ changes equilibrium expenditure to $120 million.
◦ changes equilibrium output to $180 million.
◦ will change the 
MPC.
◦ will change the 
MPS.

Question 2

Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.













Refer to Figure 23.11. If 
MPC increases to 0.8, equilibrium aggregate output

◦ increases to $250 million.
◦ remains at $200 million.
◦ increases to $400 million.
◦ cannot be determined from the given information.

[sierrahalpin]

Answer 1

changes equilibrium expenditure to $120 million.

Answer 2

increases to $250 million.

[sammy]

Question 1

Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.













Refer to Figure 23.11. [50 + 0.75
Y] represents the

◦ autonomous consumption function.
◦ MPC.
◦ aggregate expenditures function.
◦ MPS.

Question 2

Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.













Refer to Figure 23.11. On this graph, 
4 represents the

◦ MPC.
◦ MPS.
◦ break even income level.
◦ multiplier.

[adammoses97]

Answer 1

aggregate expenditures function.

Answer 2

multiplier.