Problem 1 Given the following for a closed economy I=3400 planned investment G=4000 Government spending C=3,800 +0.8 Yd consumption function T=1000 taxes Refer to problem 1. The AE function is equal to A)AE=10400+0.8Y B)AE=11200+0.8Y C)AE=7800+0.8Y D)A and B are correct Refer to problem 1. What is the equillibrium level of income? A) Y=$19000 B)Y=$56000 C) Y=52,000 D)Y=25,000 Refer to problem 1. At equillibrium Saving is equal to A)$6040 B)$7200 C)$6400 D)$7650 Refer to problem 1.If autonomous consumption decreases by $1000.the new equillibrium level of income will be equal to A)$5000 B)-5000 C)$47000 D)$37000 Refer to problem 1. If potential GDP is 20000 by how much should government expenditure change to reach full employment $-6400 $40000 $100,000 $-32,000
Problem 1 Given the following for a closed economy I=3400 planned investment G=4000 Government spending C=3,800 +0.8 Yd consumption function T=1000 taxes Refer to problem 1. The AE function is equal to A)AE=10400+0.8Y B)AE=11200+0.8Y C)AE=7800+0.8Y D)A and B are correct Refer to problem 1. What is the equillibrium level of income? A) Y=$19000 B)Y=$56000 C) Y=52,000 D)Y=25,000 Refer to problem 1. At equillibrium Saving is equal to A)$6040 B)$7200 C)$6400 D)$7650 Refer to problem 1.If autonomous consumption decreases by $1000.the new equillibrium level of income will be equal to A)$5000 B)-5000 C)$47000 D)$37000 Refer to problem 1. If potential GDP is 20000 by how much should government expenditure change to reach full employment $-6400 $40000 $100,000 $-32,000
Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Savings,Investment And The Financial System
Section: Chapter Questions
Problem 2QCMC
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Problem 1
Given the following for a closed economy
I=3400 planned investment
G=4000 Government spending
C=3,800 +0.8 Yd consumption function
T=1000 taxes
Refer to problem 1. The AE function is equal to
A)AE=10400+0.8Y
B)AE=11200+0.8Y
C)AE=7800+0.8Y
D)A and B are correct
Refer to problem 1. What is the equillibrium level of income?
A) Y=$19000
B)Y=$56000
C) Y=52,000
D)Y=25,000
Refer to problem 1. At equillibrium Saving is equal to
A)$6040
B)$7200
C)$6400
D)$7650
Refer to problem 1.If autonomous consumption decreases by $1000.the new equillibrium level of income will be equal to
A)$5000
B)-5000
C)$47000
D)$37000
Refer to problem 1. If potential GDP is 20000 by how much should government expenditure change to reach full employment
$-6400
$40000
$100,000
$-32,000
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