Question: cAN I GET. SOME HELP WITH THESE QUESTIONS Question 5 2 pts Suppose in the hypothetical economy of Jacksonland, the MPC is 0.80 and real



cAN I GET. SOME HELP WITH THESE QUESTIONS



Question 5 2 pts Suppose in the hypothetical economy of Jacksonland, the MPC is 0.80 and real GDP is $150 billion. Businesses increase investment by $5 billion. The multiplier is equal to Question 6 2 pts Suppose in the hypothetical economy of Jacksonland, the MPC is 0.80 and real GDP is $150 billion. Businesses increase investment by $5 billion. Using your computations for the multiplier in the previous question, after businesses increase investment by $5, AI = 5, what is the change in real GDP? AY =_ billionA news report says building a new multi-million dollar hospital would put 20,000 people to work during the construction phase and create an extra 75,000 spin-off jobs. The project would pump a billion dollars into the economy. Explain how this multi-million dollar investment in a new hospital is able to generate a billion dollars for the economy. That is, how does the multiplier effect come into play? Edit View Insert Format Tools Table 12ptv Paragraphvl B I U 5" _ IOwordsl
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