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

Author Question: Government spending increases by $80 billion and the equilibrium level of output increases by $320 ... (Read 192 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Apr 19, 2019

Question 1

The economy of Kiwiland can be characterized by Equation 24.6.



EQUATION 24.6:




C = 1,000 + 0.5
Yd


T = 200


G = 400


I = 500





Refer to Equation 24.6. If government spending in Kiwiland increases by 400, equilibrium output increases by


◦ 400.
◦ 800.
◦ 1,600.
◦ 2,000.

Question 2

Government spending increases by $80 billion and the equilibrium level of output increases by $320 billion. The government spending multiplier


◦ is 4.
◦ is 5.
◦ is 6.
◦ cannot be determined from this information, because the 
MPC is not given.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by xclash on Apr 19, 2019

Liddy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Apr 19, 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 64% of students answer this correctly


xclash

  • Member
  • Posts: 681
Reply 2 on: Apr 19, 2019
:D TYSM

mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Species richness increases with island size. Species richness increases with island size.
Single-gene inheritance tracked at the DNA level Single-gene inheritance tracked at the DNA level
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Rising sea level threatens coastal communities around the world Rising sea level threatens coastal communities around the world
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Phases of the Female Reproductive Cycle - Hormonal regulation

For a complete list of videos, visit our video library