*Homework Help - Q&A from Onl x M Question 1 - Practice Problems. ( X + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252FIms.mheducation.com%252Fmghm... A G . . . G Google M Gmail YouTube FlashLine Canvas Microsoft Office C Chegg Course Hero ) Quizlet Google Slides = Google Docs Google Drive QuillBot Other favorites O Practice Problems. Chapter 13. i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question + An economy is described by the following equations: C = 1, 800 + 0.6 (Y - T) 0.5 IP = 900 points G = 1,500 NX = 100 = 1,500 V* = 9,000 a. Find a numerical equation linking planned aggregate expenditure to output. Instructions: Enter the value for mpc rounded to one decimal place. PAE = 1,800 *+ 0.6 b. Find autonomous expenditure and induced expenditure in this economy. Instructions: Enter the value for mpc rounded to one decimal place. Autonomous expenditure: Induced expenditure: Mc Graw Hill 470F Q Search W a myhp 12:18 AM Cloudy 4/17/2023*Homework Help - Q&A from Onl x M Question 3 - Practice Problems. ( X + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252FIms.mheducation.com%252Fmghm... A G . . . G Google M Gmail YouTube FlashLine Canvas Microsoft Office C Chegg Course Hero O Quizlet Google Slides = Google Docs Google Drive QuillBot Other favorites O Practice Problems. Chapter 13. i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. o Return to question + 3 An economy is described as follows: C = 400 + 0.6(Y - T) 0.5 TP = 200 points G = 200 NX = 60 = 100 y* = 2, 100 a. For the economy described above, find autonomous expenditure, the multiplier, short-run equilibrium output, and the output gap. Instructions: Enter your responses as absolute values. Autonomous expenditure: 800 Multiplier: 2.5 Short-run equilibrium output: 2000 There is a recessionary @ output gap in the amount of 100 . b. Illustrate this economy's short-run equilibrium on a Keynesian cross diagram. IncristiAne. On the mranh halow Ice the line toAl 'DAE' to draw the annronate ovnanditura line Icing the nointe at V - 160n and V - Mc Graw Hill 470F Cloudy a myhp ODE 12:22 AM Q Search 4/17/2023*Homework Help - Q&A from Onl x M Question 3 - Practice Problems. ( X + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252FIms.mheducation.com%252Fmghm... A G . . . G Google M Gmail YouTube FlashLine Canvas Microsoft Office C Chegg Course Hero ) Quizlet Google Slides = Google Docs Google Drive QuillBot Other favorites O Practice Problems. Chapter 13. i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question + 3 b. Illustrate this economy's short-run equilibrium on a Keynesian cross diagram. Instructions: On the graph below, use the line tool 'PAE' to draw the aggregate expenditure line using the points at Y = 1,500 and Y = 0.5 2,500 only. Then use the point tool 'Short-term eq.' to identify the equilibrium level of income and expenditure. points Your Graph Score: 33% Planned aggregate expenditure, PAE 2,500 2,400 2,300 PAE Short-term eq 2,200 2,100 2,000 1,900 1,800 1,700 1.600 Mc Graw Hill 470F W a myhp 12:22 AM Cloudy Q Search 4/17/2023X *Homework Help - Q&A from Onl x M Question 3 - Practice Problems. ( X + https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252FIms.mheducation.com%252Fmghm... A G . . . C G Google M Gmail YouTube FlashLine Canvas Microsoft Office C Chegg Course Hero O Quizlet Google Slides = Google Docs Google Drive QuillBot Other favorites O Practice Problems. Chapter 13. i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question + 3 Planned aggregate expenditure, PAE 2,500 2,400 0.5 points 2,300 PAE Short-term eq 2,200 2,100 2,000 1,900 1,800 1,700 1,600 1,500 1,500 1,600 ,700 800 1,900 2,000 2,100 ,200 2,300 2,400 2,500 output, Mc Graw Hill 12:22 AM 470F Q Search W a myhp 4/17/2023 light rain*Homework Help - Q&A from Onl x M Question 3 - Practice Problems. ( X + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252FIms.mheducation.com%252Fmghm... A G . . . G Google M Gmail YouTube FlashLine Canvas Microsoft Office C Chegg Course Hero ) Quizlet Google Slides = Google Docs Google Drive QuillBot Other favorites O Practice Problems. Chapter 13. i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question + 3 Z,4UU 2,300 PAE Short-term eq 2,200 2,100 0.5 points 2,000 1,900 1,800 1,700 1,600 1,500 1,500 1,600 ,700 ,800 .900 2,000 2,100 2,200 2,300 2,400 2,500 Output, c. By how much would autonomous expenditure have to change to eliminate the output gap? Autonomous expenditure would need to by to eliminate the output gap. Mc Graw 503 Hill 12:22 AM 470F Q Search W a myhp 4/17/2023 light rain