structions: Enter your answers as a whole number. How much does aggregate demand need to change to restore the economy to its long-run equilibrium? $ billion If the MPC is 0.6, how much does government purchases need to change to shift aggregate demand by the amount you found in art a? billion uppose Instead that the MPC is 0.5. How much does aggregate demand and government purchases need to change to restore the economy to its long-run equilibrium? Aggregate demand needs to change by $ [ billion and government purchases need to change by $ billion.

structions: Enter your answers as a whole number. How much does aggregate demand need to change to restore the economy to its long-run equilibrium? $ billion If the MPC is 0.6, how much does government purchases need to change to shift aggregate demand by the amount you found in art a? billion uppose Instead that the MPC is 0.5. How much does aggregate demand and government purchases need to change to restore the economy to its long-run equilibrium? Aggregate demand needs to change by $ [ billion and government purchases need to change by $ billion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Help The aggregate demand curve can be derived from the aggregate expenditures model as indicated by the fact that Multiple Choice an increase in the price level shifts the aggregate expenditures schedule upward and increases real GDP a decrease in the price level shifts the aggregote expenditures schedule downward and decreases real GDP a decreose in the price level shifts the aggregate expenditures scheduie upiward and decreases real GDP an increase in the price level shifts the eggregate expenditures schedule downverd and decreases real GDP
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