1) to your 1st questions answer is https://www.chegg.com/homework-help/questions-and-answers/name-econ-2202-homework-5-12-pts-information-represents-values-various-market-participants-q42202347
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questions and answers5.) assume that the full-employment level of output is $500 and the price level associated with full-employment output is 100. also assume that the economy's current level of output is $450 and, at the price level of 100, current aggregate demand is $400. if the government wants to move the economy back to the full-employment level of output and the mpc is
Question: 5.) Assume That The Full-Employment Level Of Output Is $500 And The Price Level Associated With Full-Employment Output Is 100. Also Assume That The Economy's Current Level Of Output Is $450 And, At The Price Level Of 100, Current Aggregate Demand Is $400. If The Government Wants To Move The Economy Back To The Full-Employment Level Of Output And The MPC Is
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5.) Assume that the full-employment level of output is $500 and the price level associated with full-employment output is 100. Also assume that the economy's current level of output is $450 and, at the price level of 100, current aggregate demand is $400. If the government wants to move the economy back to the full-employment level of output and the MPC is 0.75, then it should
reduce government purchases by $100.
increase government purchases by $100.
reduce government purchases by $25.
increase government purchases by $25.
7.) Assume that the full-employment level of output is $2,000 and the price level associated with full-employment output is 100. Also assume that the economy's current level of output is $1,900 and at the price level of 100 current aggregate demand is $1,820. If the government moves the economy back to the full-employment level of output by reducing taxes by $60, then the MPC equals
0.8.
0.75.
0.6.
0.5.
2) a) sorry I have searched in internet but I wasn't came but I will help you my friend
2) b) sorry I have searched in internet but I wasn't came but I will help you my friend
b) What most neoclassical economists mean by "full" employment is a rate somewhat less than 100% employment. Others, such as the late James Tobin, have been accused of disagreeing, considering full employment as 0% unemployment
c) Equilibrium: The graph shows that the point of equilibrium is where the supply and demand are equal. In an open economy, equilibrium is achieved when the amount demanded by consumers is equal to the amount of a goods or service provided by producers.
d) In a closed economy, the equilibrium condition in the market for goods is that production (Y), is equal to the demand for goods, which is the sum of consumption, investment and public spending
e) Investment multiplier refers to the number of time by which the increase in output or income exceeds the increase in investment. It is measured as the ratio between change in income and change in investment and it is denoted as 'k'.
Marginal Propensity to save refers to the percentage change in savings for every one rupee of change in the income. It is the ratio between the change in income and its corresponding change in savings.
Multiplier(k) => Change in income / change in investment = 1/ MPS(s) where s is the marginal propensity to save.
Explanation:
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