MACROECONOMICS W/CONNECT
18th Edition
ISBN: 9781307253092
Author: McConnell
Publisher: Mcgraw-Hill/Create
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Question
Chapter 11, Problem 10P
Subpart (a):
To determine
Equilibrium GDP in relation to AE model.
Subpart (b):
To determine
Equilibrium GDP in relation to AE model.
Subpart (c):
To determine
Equilibrium GDP in relation to AE model.
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Answer the following questions, which relate to the aggregate expenditures model:a. If Ca is $100, Ig is $50, Xn is -$10, and G is $30, what is the economy’s equilibrium GDP?b. If real GDP in an economy is currently $200, Ca is $100, Ig is $50, Xn is -$10, and G is $30, will the economy’s real GDP rise, fall, or stay the same?c. Suppose that full-employment (and full-capacity) output in an economy is $200. If Ca is $150, Ig is $50, Xn is -$10, and G is $30, what will be the macroeconomic result?
Answer the following questions, which relate to the aggregate expenditures model:
Instructions: Enter your answer as a whole number.
a. If Ca is $130, lg is $60, X, is -$10, and G is $40, what is the economy's equilibrium GDP?
$
b. If real GDP in an economy is currently $250, Ca is $130, l is $60, Xn is –$10, and G is $40, will the economy's real GDP rise, fall, or
stay the same?
|(Click to select)
c. Suppose that full-employment (and full-capacity) output in an economy is $250. If Ca is $180, Ig is $60, Xn is -$10, and Gis
$40, what will be the macroeconomic result?
O There will be an inflationary expenditure gap and employment levels will be above the full-employment level.
O There will be an inflationary expenditure gap and employment levels will be below the full-employment level.
Answer the following questions, which relate to the aggregate expenditures model:
Instructions: Enter your answer as a whole number.
a. If Ca is $110, Ig is $50, Xp is -$10, and Gis $30, what is the economy's equilibrium GDP?
b. If real GDP in an economy is currently $210, Ca is $110, lg is $50, X, is -$10, and Gis $30, will the economy's real GDP
rise, fall, or stay the same?
(Click to select)
c. Suppose that full-employment (and full-capacity) output in an economy is $210. If Ca is $160, Ig is $50, Xn is -$10,
and Gis $30, what will be the macroeconomic result?
There will be an inflationary expenditure gap and employment levels will be below the full-employment level.
O There will be an inflationary expenditure gap and employment levels will be above the full-employment level.
Chapter 11 Solutions
MACROECONOMICS W/CONNECT
Ch. 11.2 - Prob. 1QQCh. 11.2 - Prob. 2QQCh. 11.2 - Prob. 3QQCh. 11.2 - Prob. 4QQCh. 11.7 - Prob. 1QQCh. 11.7 - Prob. 2QQCh. 11.7 - Prob. 3QQCh. 11.7 - Prob. 4QQCh. 11 - Prob. 1DQCh. 11 - Prob. 2DQ
Ch. 11 - Prob. 3DQCh. 11 - Prob. 4DQCh. 11 - Prob. 5DQCh. 11 - Prob. 6DQCh. 11 - Prob. 7DQCh. 11 - Prob. 8DQCh. 11 - Prob. 1RQCh. 11 - Prob. 2RQCh. 11 - Prob. 3RQCh. 11 - Prob. 4RQCh. 11 - Prob. 5RQCh. 11 - Prob. 6RQCh. 11 - Prob. 7RQCh. 11 - Prob. 8RQCh. 11 - Prob. 9RQCh. 11 - Prob. 1PCh. 11 - Prob. 2PCh. 11 - Prob. 3PCh. 11 - Prob. 4PCh. 11 - Prob. 5PCh. 11 - Prob. 6PCh. 11 - Prob. 7PCh. 11 - Prob. 8PCh. 11 - Prob. 9PCh. 11 - Prob. 10P
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