The information below represents values for the various market participants. C= $100+ 0.8Yd lg = $50 G = $60 X = $120 M = $190 a) Assuming that the full-employment level of output is $1000: i. what kind of gap exists? ii. What is the size of the gap? b) How much are consumers saving at full employment? I c) What is the equilibrium value for a public open economy?
The information below represents values for the various market participants. C= $100+ 0.8Yd lg = $50 G = $60 X = $120 M = $190 a) Assuming that the full-employment level of output is $1000: i. what kind of gap exists? ii. What is the size of the gap? b) How much are consumers saving at full employment? I c) What is the equilibrium value for a public open economy?
Chapter8: The Keynesian Model
Section: Chapter Questions
Problem 6SQP
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![The information below represents values for the various market participants.
C = $100+ 0.8Yd
lg = $50
G = $60
X = $120
M = $190
a) Assuming that the full-employment level of output is $1000:
i. what kind of gap exists?
ii.
What is the size of the gap?
b) How much are consumers saving at full employment?
c) What is the equilibrium value for a public open economy?
d) What is the equilibrium for a private open economy?
I
e) What is the value of our multiplier?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F31702fc5-0793-46cc-9911-6b5555baf359%2F5f9254a6-fd5a-4028-bc8d-d9a682500e8e%2Fl82dtg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The information below represents values for the various market participants.
C = $100+ 0.8Yd
lg = $50
G = $60
X = $120
M = $190
a) Assuming that the full-employment level of output is $1000:
i. what kind of gap exists?
ii.
What is the size of the gap?
b) How much are consumers saving at full employment?
c) What is the equilibrium value for a public open economy?
d) What is the equilibrium for a private open economy?
I
e) What is the value of our multiplier?
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