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- i need this in word not handwritten Q9. For each of the following sets of data, determine if output will need to increase, decrease, or remain the same to move the economy to equilibrium: Y=1,000;C=100+0.75(Y-T);I=200;G=150;T=100 ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 2. Y=5,000;C=200+0.9(Y-T);I=500;G=400;T=300Consider a frugal closed economy without money market. Assume there is no government or exports/imports. The economy is described by the following set of equations. C =1000+0.5⋅Y ID = 600 1. What is the marginal propensity to save of this economy? a) 0.4 b) 0.5 c) 0.1 d) 0.3 e) 0.2 Currently, the economy is saving a half of the amount it consumes. The level of unplanned inventory change is [0, 600, 200, 1400 , 2000 ] and the economy is [equilllibrium or not at equillibrium,]Suppose that an economy is operating at equilibrium and for some reason households begin to save a smaller fraction of their income. How will this affect equilibrium output in the future when planned investment rises and falls?
- In a simple economy where there is no government and no international trade, the consumption function is given by the equation: C = £130m + 0.7Y What is the marginal propensity to save? a)0.7 b)1.0 c)0.3 d)130Ceteris paribus , in a closed economy , if consumers become more pessimistic ------? -saving will increase -investment will fall -autonomous consumption will fall -all of the above -none of the aboveIn a closed economy, consumers spend $300 regardless of the level of income, and the marginal propensity to consume (MPC) is 0.75. Investment is equal to $200. The government spends $400 and collects $50 in taxes. The equilibrium level of GDP in this economy is $
- Suppose that an economy's consumption function is given as: C = 2000 + 0.6Yd. By how much would autonomous spending have to increase, in order to increase equilibrium output by 1000 units?The following question relates only to the equilibrium in the goods market IN A CLOSED ECONOMY and asks you to carry out a graphical analysis using both the Keynesian cross diagram together with the IS-MP diagram. >>) Suppose after the government has implemented the reduction in taxation that the central bank wants to keep the level of investment at the same level as before the tax reduction. How can the central bank intervene in the market to achieve this goal? Explain and illustrate graphically how the central bank can keep investment at the same level as before. Is there any additional impact of the central bank intervention on output, consumption and interest rates? If so what is the impact?If the marginal propensity to consume is 0.6 then the marginal propensity to save must be 0.4. 1. 1.4. 0.6.
- Which of the following statements are correct? a. If the marginal propensity to consume increases, the equilibrium level of income will increase. b. In an open economy with a government sector the sum of the marginal propensity to consume and the marginal propensity to save is always equal to 1. c. If the tax rate decreases, the aggregate spending curve will shift parallel upwards. Select one: A. b and c B. b C. a and b D. a and cExplain and diagrammatically represent the shift in the DLF curve as a result of each of the following: -- a rise in autonomous investment -- a rise in the size of the budget deficit -- a decline in autonomous investment 25. What is autonomous investment?An open economy presents the following data. The intercept of the consumption function is 4700.The marginal propensity to save (MPS) is 0.20.There are no tax collections in this economy.Government expenditure is 10,000.Autonomous investment is 6,000.The marginal propensity to invest is 0.12.Autonomous exports are 5,000.Autonomous imports are 3,000.The marginal propensity to import is 0.1.Using this information, answer the following four parts. Calculate the equilibrium level of GDP.Calculate the multiplier in this economy.Now suppose that the MPS changes to 0.15. Calculate the new multiplier in this economy.Given the change in the MPS to 0.15, calculate the new equilibrium level of GDP
