PRINCIPLES OF MACROECONOMICS (LL)W/ACC.
7th Edition
ISBN: 9781264088980
Author: Frank
Publisher: MCG
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Chapter 13, Problem 8P
(a)
To determine
Find the autonomous expenditure, the multiplier, short-run equilibrium output, and the output gap of the given economy.
(b)
To determine
Illustrate the short-run equilibrium of the given economy using Keynesian-cross diagram.
(c)
To determine
The amount of autonomous expenditure that should be reduced to eliminate the expansionary output gap.
(d)
To determine
The amount of tax that should be reduced by the government to eliminate the expansionary output gap.
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Chapter 13 Solutions
PRINCIPLES OF MACROECONOMICS (LL)W/ACC.
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