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- (d) Suppose government spending increases by some amount AGo to become Go+AGo. Show the change in Y and C as a response to this increase in spending.ax policy is one used not only for economic purposes but also for political purposes. It is the opinion of some economists and politicians that the rich should pay more of their income in taxes, and that the resulting fairness from this rise in taxes will lead to more economic growth and a rise in employment. Using the simple expenditure model (Y and Ep, not IS-LM) answer these two questions: One, would a lump-sum tax increase on many high-income households cause GDP to rise in the short run as predicted by the politicians? Why or why not? And two, are there macroeconomic conditions in the simple model under which such a tax increase would be fully warranted? Draw the graphs and explain the outcomes for both cases.Derive the consumption function and use this relation in the aggregate demand function to derivean equation for the equilibrium in the goods market . Why the AD line is upward sloping?Suppose the government spending falls by 100 and in this case marginal propensity to consumeis 0.8. what is the value of change in output. Draw a diagram to show the shift in AD line due tothis change in government spending and output.
- Assume taxes are zero and an economy has a consumption function of C = 0.56 (Yd) + $777.68. By how much will GDP change if net exports change by -411.26? Round your answer to two digits after the decimal.The economy of HOYA has a spending mulipilier of 4. Based only on this information, we know that in HOYAO. Every one point change in R will change spending by 4O. An $80 decrease in investment will reduce GDP by $20O. A $10 increase in not exports will lead to a $40 income equilibrium GDPO. $25 increase in goverment purchase will increase equilibrium consumption by $100Give typed solution only assume an economy has an MPC of .5 and their full employment level of output is $500 billion. If their current GDP is $600 billion, what could their government do to try ans correct this? a) decrease taxes by $50 billion b) decrease government spending by $50 billion c) increase government spending by $50 billion d) increase taxes by $50 billion
- Suppose that due ot a fiscal stimulus, there is an increase in disposable incomes of $100 billion in the first round. Then, $33 billion was spent in consumption from this initial change of the disposable incomes. Following the same marginal propensity to consume, how much is the change in consumption spending in the next round from the $33 billion?Consider a keynesian macromodel Y=(C0+G+I) / (1-c) where C0 is autonomus consumption, G is government consumption expenditure, I is investment expenditure, c is the marginal propensity to consume. In this model, if lthere is an increse in both labor productivity and the marginal propensity to consume while autonomus expenditures remain unchanged, what will happen to the level of employment? a. can't say for sure b. decreses c. stays the same d. increases4. Assume the following model of the expenditure sector: AD=C+I+G+NX C = 420 + (4/5)YD YD=Y–TA+TR TA = (1/6)Y TRo = 100 Io = 160 Go = 180 NXo =–40 b) Assume we want to reach Y* = 2700 by changing government transfer payments (TR) instead. By how much should TR be changed?
- Only typed answer and please don't use chatgpt Why will temporary tax increase be insignificant in reducing consumption expenditures by the amount expected a. Because viewed the tax increase as permanent. b. Because people choose to increase their savings. C become people viewed taco increases temporarily d. Consumption expenditure are not related to level of taxtationIn a closed economy with no government, aggregate expenditure is Select one: O a. None of the options O b. Net Tax plus Consumption O c. consumption plus the MPC O d. saving plus investment.The year is 2010. The government has thought about strengthening the public following the collapse with an increase interest compensation for indebted households (direct payments to these parties). At the same time, the government wants to stimulate total expenditure and economic activity with the payment of such benefits. Statisticians have told the government that each person spends 65% of all their income he will get and each of them who gets the spending, he also spends 65% of it and this process keeps continue without end. Let's assume that the government will allocate 5 billion ISK to of the project. a. How much can it be estimated that the economy will recover in terms of of the total consumption that will occur due to these interest benefits taking into account the multiplier effect (e. Multiplier principle)? b. How much will the economy be stimulated if individuals spend 85% of the income they receive?
