3.Draw a graph representing a hypothetical economy. Carefully label the two axes, the S + T + IM curve, the I + G + EX curve, and the equilibrium level of the real GDP. Illustrate the effect of an increase in the level of autonomous saving. Y C I G X $ 100 $ 120 $ 20 $ 30 $ 10 $ 300 $ 300 $ 20 $ 30 - $ 10 $ 500 $ 480 $ 20 $ 30 - $ 30 $ 700 $ 660 $ 20 $ 30 - $ 50 8.What is the MPC? 9.What is the MPI?
Chapter 10
3.Draw a graph representing a hypothetical economy. Carefully label the two axes, the S + T + IM curve, the I + G + EX curve, and the equilibrium level of the real GDP. Illustrate the effect of an increase in the level of autonomous saving.
Y C I G X
$ 100 $ 120 $ 20 $ 30 $ 10
$ 300 $ 300 $ 20 $ 30 - $ 10
$ 500 $ 480 $ 20 $ 30 - $ 30
$ 700 $ 660 $ 20 $ 30 - $ 50
8.What is the MPC?
9.What is the MPI?
10.What is the MPS?
11.What is the multiplier?
12.What is the equilibrium level of the real GDP?
13.What is the value of autonomous consumption?
14.If government spending increases by $ 15, what is the new equilibrium level of the real GDP?
15.What are the equations for the consumption, net exports, and aggregate expenditures functions?
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 1 images
