Answer plzz... consider an economy described by the following:The expression for the MP curve is:OA. 7=3+ 1x.OB. 7=3+0.8.OC. r= 1 +0.8.D. 7= 1 + 1x.The expression for the AD curve is:OA. Y=15-1.3x.OB. Y 19.25-1.3x.c. Y=19.25-2.5.C = $3.25 trillioni = $1.3 trillionG = $3.5 trillionT = $3 trillionNX $-1 trillion=f = 1mpc = 0.8d = 0.3x = 0.2λ = 17 = 1OD. Y=15-2.5x.Assume that = 1. The real interest rate is%. (Round your response to two decimal places.)

In economics, the MP curve refers to the marginal product curve. It shows the additional output that…

sider an economy described by the following: e expression for the MP curve is: A. 7=3+ 1x. B. 7=3+0.8. C. r=1+0.8. D. 7=1+1x. The expression for the AD curve is: OA. Y=15-1.3. OB. Y 19.25-1.3x. c. Y 19.25-2.5x. OD. Y=15-2.5x. C = $3.25 trillion ¡ = $1.3 trillion G = $3.5 trillion 7= = $3 trillion NX = $-1 trillion f = 1 mpc = 0.8 d = 0.3 x = 0.2 λ = 1 F = 1

sider an economy described by the following: e expression for the MP curve is: A. 7=3+ 1x. B. 7=3+0.8. C. r=1+0.8. D. 7=1+1x. The expression for the AD curve is: OA. Y=15-1.3. OB. Y 19.25-1.3x. c. Y 19.25-2.5x. OD. Y=15-2.5x. C = $3.25 trillion ¡ = $1.3 trillion G = $3.5 trillion 7= = $3 trillion NX = $-1 trillion f = 1 mpc = 0.8 d = 0.3 x = 0.2 λ = 1 F = 1

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?

Section9.A: The Simple Algebra Of Income Determination And The Multiplier

Problem 4TY

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The expression for the MP curve is: A. r=2+0.75. OB. r= 3.5+ 1.5. OC. r= 3.5+ 0.75. D. r=2+1.5. The expression for the AD curve is: A. Y=23.8-2.4. B. Y= 19.04 -2.4r. OC. Y= 19.04 - 1.3. OD. Y=23.8-1.3. C = $3 trillion 7 = = $1.3 trillion $3.5 trillion G = T= $3 trillion NX = $1.5 trillion f = 1 Assume that = 2%. The real interest rate ris 5%. (Round your response to two decimal places.) The equilibrium level of output is $ 19 trillion. (Round your response to two decimal places.) Consumption is $15 trillion. (Round your response to two decimal places.) Investment is $ -.5 trillion. (Round your response to two decimal places.) Net exports are $1 trillion. (Round your response to two decimal places.) Suppose the Fed increases r to r=3.5. The real interest rate is 6.5%. (Round your response to two decimal places.) The equilibrium level of output is $ trillion. (Round your response to two decimal places.) mpc = 0.75 d = 0.3 x = 0.1 λ = 1.5 r = 2
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