Question: Learning Jyective |19.4 Solved Problem | 19-4 Using the Multiplier Formula PLANNED GOVERNMENT REAL GDP CONSUMPTION INVESTMENT PURCHASES NET EXPORTS Chapter 19: Output and $0.000

Learning Jyective |19.4 Solved Problem | 19-4 Using the Multiplier Formula PLANNED GOVERNMENT REAL GDP CONSUMPTION INVESTMENT PURCHASES NET EXPORTS Chapter 19: Output and $0.000 36,900 $1,000 $1,000 9,000 7.700 1,000 1,000 Expenditure in the Short 10,000 6.500 1,000 1,000 -500 Run 11,000 9300 1,00 1,000 12mm Pearson Education 2871 PEARSON a. What is the equilibrium level of real GDP? h What is the MPC? c. Suppose government purchases increase by US$200 Chebillion. What will be the new equilibrium level of real GDP? Expenditure OuUse the multiplier formula to determine your answer. in the Short Run

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