Explanation Given information: Let G be annual US government purchases, T be annual US tax revenues, and Y be annual US output of all goods and services. All three quantities are given in dollars. Calculation: The statement d Y d G = 0 To determine (b) Interpret the statements about the two derivatives, called fiscal policy multipliers. d Y / d T = − 0.26

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ISBN: 9781119275565

Author: Hughes-Hallett

Publisher: WILEY

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Chapter 2.3, Problem 25P

To determine

(a)

Interpret the statements about the two derivatives, called fiscal policy multipliers.

dY/dG=0.60

To determine

(b)

Interpret the statements about the two derivatives, called fiscal policy multipliers.

dY/dT=−0.26

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Chapter 2.3, Problem 24P

Chapter 2.3, Problem 26P

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(a) Interpret the statements about the two derivatives, called fiscal policy multipliers. d Y / d G = 0.60

Solution Summary: The author analyzes the statements about fiscal policy multipliers. If the annual US government purchases increase by 1 dollar, then annual output of all goods and services increases by 0.6 dollar.

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(a)

Interpret the statements about the two derivatives, called fiscal policy multipliers.

dY/dG=0.60

(b)

Interpret the statements about the two derivatives, called fiscal policy multipliers.

dY/dT=−0.26

Want to see the full answer?

Chapter 2 Solutions

(a) Interpret the statements about the two derivatives, called fiscal policy multipliers. d Y / d G = 0.60

Solution Summary: The author analyzes the statements about fiscal policy multipliers. If the annual US government purchases increase by 1 dollar, then annual output of all goods and services increases by 0.6 dollar.

Videos

(a) Interpret the statements about the two derivatives, called fiscal policy multipliers. dY/dG=0.60

(b) Interpret the statements about the two derivatives, called fiscal policy multipliers. dY/dT=−0.26

Want to see the full answer?

Chapter 2 Solutions

(a)

Interpret the statements about the two derivatives, called fiscal policy multipliers.

dY/dG=0.60

(b)

Interpret the statements about the two derivatives, called fiscal policy multipliers.

dY/dT=−0.26