2. See Figure 1. If the economy is operating with aggregate spending AE1;Calculate the marginal propensity to
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2. See Figure 1. If the economy is operating with aggregate spending AE1; Calculate the marginal propensity to save (MPS) *
3. See Figure 1. If the economy is operating with aggregate spending AE1; Derive the consumption function assuming planned investment is $20 billion, government spending is $50 billion, and taxes are zero *
4. See Figure 1. If the economy is operating with aggregate spending AE1; Graphically determine the macro equilibrium income level *
5.Refer to Figure 1. if the economy is operating at aggregate expenditure AE1 and autonomous consumption decreases by $20; Find the change in aggregate spending *
Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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