Use the graph to answer the questions that follow. a. What is the value of the MPC?b. What is the value of the MPS?c. What is the value of the multiplier?d. What is the amount of unplanned investment at aggregate output of 300, 900, and 1,300?

Chapter 8, PROBLEM SET 5.1 #3

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Use the graph to answer the questions that follow.

45 AE -C+1 1200 450 300 900 1,300 Aggregale output,Y Planned aggregate expanditure, AE


a. What is the value of the MPC?
b. What is the value of the MPS?
c. What is the value of the multiplier?
d. What is the amount of unplanned investment at aggregate output of 300, 900, and 1,300?

Related Book For answer-question

Principles of Macroeconomics

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

ISBN: 978-0134078809