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

Author Question: Multiplier Effect of Government PurchasesSuppose that government spending increases by $2 trillion. ... (Read 65 times)

ncasson210

  • Full Member
  • ***
  • Posts: 148
on: Nov 23, 2022

Question 1

Multiplier Effect of Government Purchases

If an increase in government spending of $400 billion results in a $1.4 trillion increase in equilibrium real GDP, then the marginal propensity to consume (MPC) is ________. (Round to the nearest hundredth when appropriate.)
◦ 0.65
◦ 0.71
◦ 0.29
◦ 0.35

Question 2

Multiplier Effect of Government Purchases

Suppose that government spending increases by $2 trillion. If the marginal propensity to consume (MPC) is 0.7, then what is the change in real GDP? (Round to the nearest hundredth when appropriate.)
◦ $2.86 trillion
◦ $6.67 trillion
◦ $1.4 trillion
◦ $0.35 trillion
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ncasson210 on Nov 23, 2022

reactx

  • Full Member
  • ***
  • Posts: 162
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.
Answer Preview
Only 64% of students answer this correctly


ncasson210

  • Member
  • Posts: 148
Reply 2 on: Nov 23, 2022
Wow, this really help

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro
The Greenhouse Effect The Greenhouse Effect
The Placebo Effect The Placebo Effect
(a) The connection required to test a Halleffect sensor. (b) A typical waveform from a Hall-effect ... (a) The connection required to test a Halleffect sensor. (b) A typical waveform from a Hall-effect ...
compton effect compton effect
Rain Shadow Effect Rain Shadow Effect
Video: Oxygen transport - methods and oxyhemoglobin

For a complete list of videos, visit our video library