@ ezto.mheducation.com M Question 3 - Chapter 33 Homework - Connect Chapter 33 Homework Saved Help Save&Exit Submit 714 Using the aggregate expenditures model, answer the questions below to show how government fiscal policy could eliminate either a points. recessionary expenditure gap or an inflationary expenditure gap. Discussion Question 33-03 eBook Full employment 6000 Tools k] ; = 3 - Print 55000 @ Gap 2 B References w S 8 3 2000 2 8 8 @ 2 8 2 s g, S a B > 2 5 3 .' Safari File Edit View History Bookmarks Window Help Sun Jan7 12:24PM RIS @ ezto.mheducation.com (RN ) Assignments: ECO-201-IN Principles of Economics | M Question 11 - Chapter 33 Homework - Connect Uiz 3.pdf : ECON Temple University : Test prep | Cou " 714 Assume that a hypothetical economy with an MPC of 0.8 is experiencing a severe recession. points Problem 33-01 Instructions: Enter your answers as a whole number. In part a, round your answer for "tax cut "to 2 decimal places and enter it as a Skipped positive number. a. By how much would government spending have to rise to shift the aggregate demand curve rightward by $25 billion? o $ billion eBook _ How large a tax cut would be needed to achieve the same increase in aggregate demand? = Print Tax cut=$ billion b. Determine one possible combination of government spending increases and tax increases that would accomplish the same goal Hfarences: without changing the amount of outstanding debt. Increase government spending by $ billion Increase taxes by billion Next > % @ ezto.mheducation.com M Question 13 - Chapter 33 Homework - Connect Chapter 33 Homework @ Saved Help Save&Exit Submit 18 === Problem 33-03 partb 714 Assume that, without taxes, the consumption schedule for an economy is as shown in the first two columns of the table points below. Assume that a lump-sum (regressive) tax of $10 billion is imposed at all levels of GDP. Skipped Consumptior Disj e posable [Consumptiof 1. o\\ Billiogs | Before Tax, [Tax, Billions | Income, ~ | After Tax, | 'SxRatt: Billions Billions | _Billions $ 100 $120 s 200 200 300 280 = 400 360 it 500 440 = 600 520 | 700 600 References a. Calculate the tax rate at each level of GDP. Enter the amount of the tax, disposable income, consumption after tax, and the tax rate in the table. Instructions: For tax, disposable income, and consumption after tax, enter your answers as a whole number. For the tax rate, round your answers to 2 decimal places. b. Compare the MPC and the multiplier with those of the pretax consumption schedule. Instructions: Enter your answers for MPC rounded to 1 decimal place and enter your answers for the multiplier as a whole number. MPC for the lump-sum tax consumption schedule = MPC for the pretax consumption schedule = Multiplier for the lump-sum tax consumption schedule = Multiplier for the pretax consumption schedule = % @ ezto.mheducation.com M Question 14 - Chapter 33 Homework - Connect Chapter 33 Homework @ Saved Help Save&Exit Submit 14 Problem 33-04 (algo) 78 Refer to the following table for Waxwania points Government Skipped Expenditures, [Tax Revenues, G i Real GDP $ 180 $ 90 $ 450 eB%ok 180 110 550 180 130 650 180 150 750 180 170 850 Instructions: Enter your answers as a whole number. References s, What is the marginal tax rate in Waxwania? percent b. What is the average tax rate? percent . Which of the following describes the tax system: proportional, progressive, or regressive? (Click to select) # Next &