The total expenditure in Macroland begins with these initial levels (in trillions of dollars): GDP = 10;autonomous consumption=1, Investment = 2; Government = 2; Net Exports = 0 and T=2. Assume MPC%3Dwas 0.75 but suddenly and as a result of a shock to consumer sentiments decreases to 0.7. find the changein the equilibrium level of income.4None of the answers.

The total expenditure in Macroland begins with these initial levels (in trillions of dollars): GDP = 10; autonomous consumption=D1, Investment = 2; Government = 2; Net Exports = 0 and T=2. Assume MPC was 0.75 but suddenly and as a result of a shock to consumer sentiments decreases to 0.7. find the change in the equilibrium level of income. O4 3 O 2

The total expenditure in Macroland begins with these initial levels (in trillions of dollars): GDP = 10; autonomous consumption=D1, Investment = 2; Government = 2; Net Exports = 0 and T=2. Assume MPC was 0.75 but suddenly and as a result of a shock to consumer sentiments decreases to 0.7. find the change in the equilibrium level of income. O4 3 O 2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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