Real GDP Consumption (dollars) expenditure (dollars) 10 22.5 20 30 30 37.5 40 45 50 52.5 60 60 LAS 160 * SAS 150 140 130 을 120 AD 20 Real GDP (trillions of 2000 dollars) 8. 12 16 24 In the above table and figure, supposed that there is no import or proportional tax. To pull the economy back to the long-run equilibrium, the government can conduct a balanced budget operation by spending $ trillion. O 1) 1 O 2) 2 3) 4 4)8 el (GDP deflator, 2000 = (00L

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Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?
Section9.A: The Simple Algebra Of Income Determination And The Multiplier
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Real GDP
Consumption
(dollars)
expenditure (dollars)
10
22.5
20
30
30
37.5
40
45
50
52.5
60
60
2
LAS
160
* SAS
150
140
130
120
AD
4
8
12
16
20
24
Real GDP (trillions of 2000 dollars)
In the above table and figure, supposed that there is no import or proportional tax.
To pull the economy back to the long-run equilibrium, the government can conduct a
balanced budget operation by spending $ trillion.
O 1) 1
O 2) 2
O 3) 4
4) 8
el (GDP deflator, 2000 = 100)
Co
Transcribed Image Text:Real GDP Consumption (dollars) expenditure (dollars) 10 22.5 20 30 30 37.5 40 45 50 52.5 60 60 2 LAS 160 * SAS 150 140 130 120 AD 4 8 12 16 20 24 Real GDP (trillions of 2000 dollars) In the above table and figure, supposed that there is no import or proportional tax. To pull the economy back to the long-run equilibrium, the government can conduct a balanced budget operation by spending $ trillion. O 1) 1 O 2) 2 O 3) 4 4) 8 el (GDP deflator, 2000 = 100) Co
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