Principles of Macroeconomics
7th Edition
ISBN: 9781260110982
Author: Frank, Robert
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter 13, Problem 7P
(a)
To determine
Find a numerical equation relating planned aggregate expenditure to output.
(b)
To determine
Construct a table to find the value of short-run equilibrium output.
(c)
To determine
Explain the effect of changes in the fiscal policy using Keynesian-cross diagram.
(d)
To determine
Explain the effect of changes in fiscal policy if the full-employment output is 630.
(e)
To determine
Show the results of Parts ‘b’ through ‘d’ on a Keynesian-cross diagram.
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Chapter 13 Solutions
Principles of Macroeconomics
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