The table below shows the effect of changes in various economic variables in the countries of Beckland and Heineken. For every $10 million change in money supply For every 1 percentage point change in interest rates. For every $10 million change in expenditures For every $10 million change in aggregate demand Beckland Interest rates change by 2 percentage point. Investment spending and net exports change by a total of $20 million. Aggregate demand changes by $30 million, The price index changes by 2 point and real GDP changes by $7 million. What is the effect of an increase of $10 million in money supply on the price level and the level of real GDP in each country? Beckland price change. Click to select) by Beckland GDP change: [Click to select) Heineken price change: [[Click to select) Heineken GDP change: [Click to select) by points. Heineken Interest rates change by 2.5 percentage points. Investment spending and net exports change by a total of $10 million. Aggregate demand changes by $30 million. The price index changes by 2 points and real GDP changes by 36 million. millions points. Round your price to 1 decimal place. millions
The table below shows the effect of changes in various economic variables in the countries of Beckland and Heineken. For every $10 million change in money supply For every 1 percentage point change in interest rates. For every $10 million change in expenditures For every $10 million change in aggregate demand Beckland Interest rates change by 2 percentage point. Investment spending and net exports change by a total of $20 million. Aggregate demand changes by $30 million, The price index changes by 2 point and real GDP changes by $7 million. What is the effect of an increase of $10 million in money supply on the price level and the level of real GDP in each country? Beckland price change. Click to select) by Beckland GDP change: [Click to select) Heineken price change: [[Click to select) Heineken GDP change: [Click to select) by points. Heineken Interest rates change by 2.5 percentage points. Investment spending and net exports change by a total of $10 million. Aggregate demand changes by $30 million. The price index changes by 2 points and real GDP changes by 36 million. millions points. Round your price to 1 decimal place. millions
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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beckland price change increases of decreases by points
beckland price change increases of decreases by millions
Helndken price change by increases or decreases by points
Helndken price change by increases or decreases by millions
Transcribed Image Text:The table below shows the effect of changes in various economic variables in the countries of Beckland and Heineken.
Heineken
Interest rates change by 2.5
percentage points.
Investment spending and net
exports change by a total of $10
million.
Aggregate demand changes by
$30 million.
The price index changes by 2
points and real GDP changes by
$6 million.
For every $10 million change
in money supply
For every 1 percentage point
change in interest rates
For every $10 million change
in expenditures
For every $10 million change
in aggregate demand
Beckland
Interest rates change by 2
percentage point.
Investment spending and net
exports change by a total of
otal of
$20 million.
Aggregate demand changes by
$30 million.
The price index changes by 2
point and real GOP changes
by $7 million.
What is the effect of an increase of $10 million in money supply on the price level and the level of real GDP in each country?
by
Beckland price change: [Click to select)
Beckland GDP change: [(Click to select)
by $1
Heineken price change: [(Click to select)
Heineken GDP change: [Click to select)
by
by $
points.
millions.
points. Round your price to 1 decimal place
millions
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