Mathematics, 02.12.2020 21:30 SlickDrip
1. Assume the MPC in an economy is 0.8 and the government increases government
purchases of goods and services by $60 million. Also assume the absence of taxes.
international trade, and changes in the aggregate price level.
a. What is the value of the spending multiplier?
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b. By how much will real GDP change as a result of the increase in government
purchases?
c. What would happen to the size of the effect on real GDP if the MPC fell? Why?
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d. What is the MPS in this economy?
e. If the government increases tax revenue by $60 million, what effect will that have
on consumer spendng?
Answers: 1
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Amodel rocket is launched from a roof into a large field. the path of the rocket can be modeled by the equation y = -0.04x^2 + 8.6x + 4.8, where x is the horizontal distance, in meters, from the starting point on the roof and y is the height, in meters, of the rocket above the ground. how far horizontally from its starting point will the rocket land? a. 0.56 m b. 215.56 m c. 431.11 m d. 215.74 m
Answers: 1
1. Assume the MPC in an economy is 0.8 and the government increases government
purchases of goods a...
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