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

Author Question: Assume that the MPCis 0.8. If government spending increases by $200, equilibrium output ________; ... (Read 82 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
on: Apr 19, 2019

Question 1

If government purchases are decreased by $375 and taxes are decreased by $375, the equilibrium level of income will


◦ decrease by $375.
◦ increase by $375.
◦ not change.
◦ decrease by $750.

Question 2

Assume that the 
MPC is 0.8. If government spending increases by $200, equilibrium output ________; and if taxes increase by $200, equilibrium output ________.


◦ increases by $1,000; decreases by $800
◦ increases by $800; decreases by $600
◦ increases by $1,000; decreases by $1,000
◦ increases by $1,600; decreases by $1,200
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 leo leo on Apr 19, 2019

Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
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 25% of students answer this correctly


leo leo

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: Apr 19, 2019
TY


Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
The signal voltage from a throttle position increases as the throttle is opened because the wiper ... The signal voltage from a throttle position increases as the throttle is opened because the wiper ...
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
U.S. Output and Productivity Growth, 1870–2007 U.S. Output and Productivity Growth, 1870–2007
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Reflex arc construction

For a complete list of videos, visit our video library