PRINCIPLES OF MACROECONOMICS (LL)W/ACC.
7th Edition
ISBN: 9781264088980
Author: Frank
Publisher: MCG
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Question
Chapter 13, Problem 5P
(a)
To determine
The effect of an increase in government purchases from 1,500 to 1,600 on the short-run equilibrium output.
(b)
To determine
The effect of a decrease in tax collection of 100 on short-run equilibrium output.
(c)
To determine
The effect of a decrease in planned investment spending by 100 on the short-run equilibrium output.
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Descriptive statistics provide details about the Y variable, based on the sample for the 10-year period. Here, you use Excell or manually compute
Mean or the average income per capita. Interpret the meaning of average income per capita.
Draw the line chart showing the educational performance over the time-period of your study. Label the Vertical axis as Y performance and X axis as the explanatory variable (X1) . Do the same thing between Y and X2
Empirical/ Inferential Statistics: Here, use the sample information to perform the following:
Draw the Scatter plot and impose the trend line: showing the Y variable and explanatory variables ( X1).
Draw the scatter plot and impose the tend line: Showing Y and X2.
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Chapter 13 Solutions
PRINCIPLES OF MACROECONOMICS (LL)W/ACC.
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