The economy of HOYA has a spending mulipilier of 4. Based only on this information, we know that in HOYA O. Every one point change in R will change spending by 4 O. An $80 decrease in investment will reduce GDP by $20 O. A $10 increase in not exports will lead to a $40 income equilibrium GDP O. $25 increase in goverment purchase will increase equilibrium consumption by $100

The economy of HOYA has a spending mulipilier of 4. Based only on this information, we know that in HOYA O. Every one point change in R will change spending by 4 O. An $80 decrease in investment will reduce GDP by $20 O. A $10 increase in not exports will lead to a $40 income equilibrium GDP O. $25 increase in goverment purchase will increase equilibrium consumption by $100

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?

Section: Chapter Questions

Problem 6TY

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