Points: U of 1 Save Incorrect: 0 Suppose that in the tigure to the right, the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Points: U of 1 Save Incorrect: 0 Suppose that in the tigure to the right, the govenment knows that the MPC equal to 0 83 and that the amount of the horzontal distance that the AD curve had lo be shifted directiy lefhward trom pontE, was equal to $1 24 tilion What is the reduction in teal government spending required to have generated this shift? LRAS Therefore, the reduction in real government spending necessary to shin the AD curve leftward by $124 trilion is $ trilion (Enter your response rounded to two decimal places) SRAS 1130' 120 AD AD, 18 185 Real GDP per Year (Ston) Points: U of 1 Save Incorrect: 0 Suppose that in the tigure to the right, the govenment knows that the MPC equal to 0 83 and that the amount of the horzontal distance that the AD curve had lo be shifted directiy lefhward trom pontE, was equal to $1 24 tilion What is the reduction in teal government spending required to have generated this shift? LRAS Therefore, the reduction in real government spending necessary to shin the AD curve leftward by $124 trilion is $ trilion (Enter your response rounded to two decimal places) SRAS 1130' 120 AD AD, 18 185 Real GDP per Year (Ston)
Expert Answer:
Answer rating: 100% (QA)
Using the formula K 11MPC K 11083 K 1017 K 588 Having calculated the Mul... View the full answer
Related Book For
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
Posted Date:
Students also viewed these accounting questions
-
Suppose that in the preceding problem a new airplane P3 becomes available, having an operating cost for the same trip of $15 thousand and accommodating 40 firstclass, 40 tourist-class, and 80...
-
In the New Keynesian model, suppose that in the short run the central bank cannot observe aggregate output or the shocks that hit the economy. However, the central bank would like to come as close as...
-
Suppose that in the preceding problem drug producers invent another production process that discharges no waste and can be used at a constant cost of 10.6 cents per dose. a. What will the price and...
-
The supplies account had a beginning balance of $1,523. Supplies purchased during the period totaled $4,928. At the end of the period before adjustment, $382 of supplies were hand. Prepare the...
-
Cindy and Paul are married and live together in Arizona. During the year, Paul receives a salary of $45,000 and $4,000 of dividends from stock that is his separate property. Cindy receives a salary...
-
Auditing standards have been criticized by different sources for failing to provide useful guidelines for conducting an audit. The critics believe the standards should be more specific to enable...
-
If you know the names of the starting batters for a baseball team, what is the probability of randomly selecting a batting order and getting the order that is used in the beginning of the game?...
-
Joyce is a single, cash-method taxpayer. On April 11, 2014, Joyce paid $120 in state income taxes with her 2013 state income tax return. During 2014, Joyce had $1,600 in state income taxes withheld....
-
Dunning's theory helps explain how firms try to match each other's moves in different markets to try to hold each other in check. the prevalence of imitative behavior among rivals. why a greenfield...
-
The Farr Quality Bathroom Tile Company has developed the following standards for one of its products: The company produced 1,200 units and sold all of the units at the budgeted sales price of $85....
-
On January 1, 2021, ABC Co. acquired all of the identifiable assets and assumed all of the liabilities of XYZ, Inc. by paying cash of 4,000,000. On this date, the identifiable assets acquired and...
-
A particle with velocity at any time t, given by v(t) = e^t moves in a straight line. How far does the particle move from t=0 to t =3?
-
Naresh is a chef. He purchased a mobile phone on 1 July for $6,000. He estimates that he uses the mobile phone for his own purposes 20% of the time. The Commissioner has assessed the effective life...
-
If 4100 pounds of sea paste is produced and the sales value at split-off is $73000, then what is the selling price at the split-off at which the company is indifferent?
-
What is the big-O performance estimate of the following function? int f (n) { int sum 0; for (i 1; i
-
In 2019, Mukesh and Michael each acquired 500 shares of ST Corporation in exchange for cash of $500. In 2020, ST needed additional funds and issued 100 shares of nonvoting preferred stock for $1,000...
-
Mainstay Ltd, a company whose shareholders are residents and to whom it pays fully franked dividends, is planning to expand its existing operations by assessing various investments. To evaluate these...
-
Information graphics, also called infographics, are wildly popular, especially in online environments. Why do you think infographics continue to receive so much attention? How could infographics be...
-
Graph the function. Estimate the intervals on which the function is increasing or decreasing and any relative maxima or minima. (a) f(x) = x2 (b) f(x) = 4 - x2 (c) f(x) = 5 - | x |
-
Suppose that f is a linear function. Determine whether the statement is true or false. (a) f(c - d) = f(c) - f(d) (b) f(kx) = kf(x)
-
Suppose that while driving a car, you suddenly see a deer standing in the road. Your brain registers the information and sends a signal to your foot to hit the brake. The car travels a distance D, in...
-
______________ occur(s) when the speaker should pause but instead fills the silence (umm, ahh).
-
Identify an election (federal, state, or local) for which a debate was broadcast. Analyze how the different speakers were able to adapt their messages based on the moderators questions and their...
-
Visit the WellSaid! website and access its free resources (www.wellsaid.com/freeresources/). Identify a short video coaching session that was particularly useful for you. List at least one new...
Study smarter with the SolutionInn App