For the following economy, find autonomous expenditure, the multiplier, short-run equilibrium output, and the output gap. By how much would autonomous expenditure have to change to eliminate the output gap? C = 550 + 0.75 (Y – T ) I p = 200 G = 200 NX = 60 T = 180 Y* = 3,400 Instructions: Enter your responses as absolute numbers. Autonomous expenditure: Multiplier: Short-run equilibrium output: There is (Click to select) an expansionary no a recessionary output gap in the amount of . Autonomous expenditure would need to (Click to select) increase decrease stay the same by to eliminate the output gap.
For the following economy, find autonomous expenditure, the multiplier, short-run equilibrium output, and the output gap. By how much would autonomous expenditure have to change to eliminate the output gap? C = 550 + 0.75 (Y – T ) I p = 200 G = 200 NX = 60 T = 180 Y* = 3,400 Instructions: Enter your responses as absolute numbers. Autonomous expenditure: Multiplier: Short-run equilibrium output: There is (Click to select) an expansionary no a recessionary output gap in the amount of . Autonomous expenditure would need to (Click to select) increase decrease stay the same by to eliminate the output gap.
Chapter9: The Keynesian Model In Action
Section: Chapter Questions
Problem 3SQP
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For the following economy, find autonomous expenditure, the multiplier, short-run equilibrium output, and the output gap. By how much would autonomous expenditure have to change to eliminate the output gap?
C | = 550 + 0.75 (Y – T ) |
I p | = 200 |
G | = 200 |
NX | = 60 |
T | = 180 |
Y* | = 3,400 |
Instructions: Enter your responses as absolute numbers.
Autonomous expenditure:
Multiplier:
Short-run equilibrium output:
There is (Click to select) an expansionary no a recessionary output gap in the amount of .
Autonomous expenditure would need to (Click to select) increase decrease stay the same by to eliminate the output gap.
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