Refer to the information provided in Figure 24.5 below to answer ...

[Caiter2013]

Question 1

Refer to the information provided in Figure 24.5 below to answer the question(s) that follow.










Refer to Figure 24.5. The 
MPC equals ________ and the 
MPS equals ________.

◦ 0.5; 0.5
◦ 0.75; 0.25
◦ 0.8; 0.2
◦ 0.9; 0.1

Question 2

Refer to the information provided in Figure 24.5 below to answer the question(s) that follow.










Refer to Figure 24.5. If the economy is in equilibrium and the government increases spending by $200 billion, equilibrium aggregate expenditures increase to $________ billion.

◦ 1,800
◦ 2,000
◦ 2,400
◦ 3,200

[cdmart10]

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[Caiter2013]

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[cdmart10]

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