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Consider the following macro-economic model: ■ Consumer Spending: C(Y-T) = 900 + .6(Y-T) ■ Investment Spending: 1 = 50 " Government Spending: G = 700 Net Exports: EX-IM = -275 ■ Taxes: T = .25Y A. The Keynesian Equilibrium for this economy is without a dollar sign and without a comma. Record your answer B. Suppose government spending increases by 110 units. The new Keynesian Equilibrium is Record your answer without a dollar sign and without a comma. C. The size of the government multiplier in this case is nearest 2 decimal points). D. The government deficit is originally It increases to Record your answer without a dollar sign. (round to the

Consider the following macro-economic model: ■ Consumer Spending: C(Y-T) = 900 + .6(Y-T) ■ Investment Spending: 1 = 50 " Government Spending: G = 700 Net Exports: EX-IM = -275 ■ Taxes: T = .25Y A. The Keynesian Equilibrium for this economy is without a dollar sign and without a comma. Record your answer B. Suppose government spending increases by 110 units. The new Keynesian Equilibrium is Record your answer without a dollar sign and without a comma. C. The size of the government multiplier in this case is nearest 2 decimal points). D. The government deficit is originally It increases to Record your answer without a dollar sign. (round to the

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Consider the following macro-economic model: ■ Consumer Spending: C(Y-T) = 900 + .6(Y-T) ■ Investment Spending: 1 = 50 " Government Spending: G = 700 Net Exports: EX-IM = -275 ■ Taxes: T = .25Y A. The Keynesian Equilibrium for this economy is without a dollar sign and without a comma. Record your answer B. Suppose government spending increases by 110 units. The new Keynesian Equilibrium is Record your answer without a dollar sign and without a comma. C. The size of the government multiplier in this case is nearest 2 decimal points). D. The government deficit is originally It increases to Record your answer without a dollar sign. (round to the
Transcribed Image Text:Consider the following macro-economic model: ■ Consumer Spending: C(Y-T) = 900 + .6(Y-T) ■ Investment Spending: 1 = 50 " Government Spending: G = 700 Net Exports: EX-IM = -275 ■ Taxes: T = .25Y A. The Keynesian Equilibrium for this economy is without a dollar sign and without a comma. Record your answer B. Suppose government spending increases by 110 units. The new Keynesian Equilibrium is Record your answer without a dollar sign and without a comma. C. The size of the government multiplier in this case is nearest 2 decimal points). D. The government deficit is originally It increases to Record your answer without a dollar sign. (round to the
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