Question 1
Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.
Refer to Figure 24.1. Aggregate expenditures = aggregate output at $ ________ billion.
◦ 1,500
◦ 2,000
◦ 3,000
◦ 4,000
Question 2
Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.
Refer to Figure 24.1. In this economy, 0.5 represents the
◦
MPC.
◦
MPS.
◦ multiplier.
◦ both
MPC and
MPS