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Author Question: Refer to the information provided in Figure 24.3 below to answer the question(s) that follow. Refer ... (Read 38 times)

Garrulous

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Question 1

The economy of Bananaland can be characterized by Equation 24.5.



EQUATION 24.5:




C = 2,000 + 0.75
Yd


T = 200


G = 400


I = 500





Refer to Equation 24.5. If government spending in Bananaland increases by $50, equilibrium output increases by


◦ $100.
◦ $200.
◦ $400.
◦ $800.

Question 2

Refer to the information provided in Figure 24.3 below to answer the question(s) that follow.










Refer to Figure 24.3. At equilibrium, autonomous planned expenditures equal $________ billion.


◦ 100
◦ 200
◦ 300
◦ 500


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Marked as best answer by Garrulous on Apr 19, 2019

fatboyy09

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