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Author Question: Multiplier EffectsSuppose that autonomous consumption spending increases by $90 million. If the ... (Read 120 times)

kckanistras

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on: Nov 23, 2022

Question 1

Multiplier Effects

If an increase in autonomous consumption spending of $50 billion results in a $200 billion increase in equilibrium real GDP, then the marginal propensity to consume (MPC) is ________. (Round to the nearest hundredth when appropriate.)
◦ 4
◦ 0.02
◦ 0.75
◦ 0.25

Question 2

Multiplier Effects

Suppose that autonomous consumption spending increases by $90 million. If the marginal propensity to consume (MPC) is 0.65, then what is the change in real GDP? (Round to the nearest hundredth when appropriate.)
◦ $58.5 million
◦ $257.14 million
◦ $0.01 million
◦ $138.46 million
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by kckanistras on Nov 23, 2022

romyclv

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Reply #1 on: Nov 23, 2022
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.
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kckanistras

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

dyrone

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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