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15. Given the following, calculate the equilibrium level of income. autonomous expendeture = $75 Government spending=...

15.

Given the following, calculate the equilibrium level of income.
autonomous expendeture = $75
Government spending= $200
Taxes= $100
Investment= $200
The mpc= 0.75
Calculate the equilibrium level of income under the following assumption
$575
$2300  
$400  
$1600

14. Why might prices be sticky in the short run?  
sticky wages (contracts)       
menu costs      
misperceptions       
all of the above

17.Assuming a mpc of 0.80 calculate the impact on the equilibrium level of income for a $100 increase in investment

500

100

400

cannot determine

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