Question

C = 3,500 + 0.5(Y - T)I = I = 1,000_{0} |

G = G = 2,000_{0} |

X = 600 |

IM = 400 |

T = T = 2,000_{0} |

Y = 10,000_{p} |

**Note:** Keep as much precision as possible during
your calculations. Your final answer should be accurate to at least
two decimal places.

**a)** Find autonomous expenditure.

Autonomous Expenditure = $0

**b)** Find the multiplier.

Multiplier = 0

**c)** Find short-run equilibrium output.

Short-run Equilibrium Output = $0

**d)** Find the output gap.

Output Gap = $0

**e)** By how much would autonomous expenditure have
to change to eliminate the output gap?

(Select Change) by $0

C = 3,500 + 0.5(Y - T)I = I = 1,000_{0} |

G = G = 2,000_{0} |

X = 600 |

IM = 400 |

T = T = 2,000_{0} |

Y = 10,000_{p} |

**Note:** Keep as much precision as possible during
your calculations. Your final answer should be accurate to at least
two decimal places.

**a)** Find autonomous expenditure.

Autonomous Expenditure = $0

**b)** Find the multiplier.

Multiplier = 0

**c)** Find short-run equilibrium output.

Short-run Equilibrium Output = $0

**d)** Find the output gap.

Output Gap = $0

**e)** By how much would autonomous expenditure have
to change to eliminate the output gap?

(Select Change) by $0

C = 3,500 + 0.5(Y - T)I = I = 1,000_{0} |

G = G = 2,000_{0} |

X = 600 |

IM = 400 |

T = T = 2,000_{0} |

Y = 10,000_{p} |

**Note:** Keep as much precision as possible during
your calculations. Your final answer should be accurate to at least
two decimal places.

**a)** Find autonomous expenditure.

Autonomous Expenditure = $0

**b)** Find the multiplier.

Multiplier = 0

**c)** Find short-run equilibrium output.

Short-run Equilibrium Output = $0

**d)** Find the output gap.

Output Gap = $0

**e)** By how much would autonomous expenditure have
to change to eliminate the output gap?

(Select Change) by $0

C = 3,500 + 0.5(Y - T)I = I = 1,000_{0} |

G = G = 2,000_{0} |

X = 600 |

IM = 400 |

T = T = 2,000_{0} |

Y = 10,000_{p} |

**Note:** Keep as much precision as possible during
your calculations. Your final answer should be accurate to at least
two decimal places.

**a)** Find autonomous expenditure.

Autonomous Expenditure = $0

**b)** Find the multiplier.

Multiplier = 0

**c)** Find short-run equilibrium output.

Short-run Equilibrium Output = $0

**d)** Find the output gap.

Output Gap = $0

**e)** By how much would autonomous expenditure have
to change to eliminate the output gap?

(Select Change) by $0

C = 3,500 + 0.5(Y - T)I = I = 1,000_{0} |

G = G = 2,000_{0} |

X = 600 |

IM = 400 |

T = T = 2,000_{0} |

Y = 10,000_{p} |

**Note:** Keep as much precision as possible during
your calculations. Your final answer should be accurate to at least
two decimal places.

**a)** Find autonomous expenditure.

Autonomous Expenditure = $0

**b)** Find the multiplier.

Multiplier = 0

**c)** Find short-run equilibrium output.

Short-run Equilibrium Output = $0

**d)** Find the output gap.

Output Gap = $0

**e)** By how much would autonomous expenditure have
to change to eliminate the output gap?

(Select Change) by $0

C = 3,500 + 0.5(Y - T)I = I = 1,000_{0} |

G = G = 2,000_{0} |

X = 600 |

IM = 400 |

T = T = 2,000_{0} |

Y = 10,000_{p} |

**Note:** Keep as much precision as possible during
your calculations. Your final answer should be accurate to at least
two decimal places.

**a)** Find autonomous expenditure.

Autonomous Expenditure = $0

**b)** Find the multiplier.

Multiplier = 0

**c)** Find short-run equilibrium output.

Short-run Equilibrium Output = $0

**d)** Find the output gap.

Output Gap = $0

**e)** By how much would autonomous expenditure have
to change to eliminate the output gap?

(Select Change) by $0

Answer #1

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For the following economy, find autonomous expenditure, the
multiplier, short-run equilibrium output, and the output gap. By
how much would autonomous expenditure have to change to eliminate
the output gap?
C
= 450 + 0.75 (Y – T )
I p
= 200
G
= 140
NX
= 60
T
= 100
Y*
= 3,200
Instructions: Enter your responses as absolute
numbers.
Autonomous expenditure:
Multiplier:
Short-run equilibrium output:
There is (Click to select) a
recessionary an
expansionary no output gap in the...

Suppose the government raises its revenue by a net tax of 40
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Note: Keep as much precision as possible during
your calculations. Your final answer should be accurate to at least
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a) What is the slope of the AE function? What is
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Slope of AE = 0Multiplier...

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Consider an economy in the short-run described by the following
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Z = C + I + G
G = 500
T = 500
C = 250 + 0.75(Y – T)
I = 425 + 0.05Y
a. Solve for equilibrium output Y.
b. What is the value of the expenditure multiplier now? Why would
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c. Now, if G increases to 600, by how much will Y increase?
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Suppose the government raises its revenue by a net tax of 40
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Note: Keep as much precision as possible during
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two decimal places.
a) What is the slope of the AE function? What
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Question: Assume that I = 100, G = 75 and T = 100. There was a
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The
components of planned aggregate spending in a certain economy are
given by Consumption Function: C = 800 + 0.75(Y - T) – 2000r
Planned Investment: I p = 400–3000r Government Revenue and
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real interest rate (For example, r = 0.01 means that the real
interest rate is 1 percent). (1) Find the level of public saving.
(2) Suppose that the real interest...

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IP = 8000 – 20,000r
G = 7000
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a. Find a numerical equation relating planned aggregate expenditure
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An economy is described by the following equations:
C = 100 + 0.75(Y – T)
IP = 50
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What is the marginal propensity to consume (MPC) in this
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C
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I
p
= 1000
G
= 1,500
NX
= 100
T
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= 8,800
The multiplier for this economy is 10.
Find the effect on short-run equilibrium output of:
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Instruction: Enter your response as an integer
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