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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 11
Answer the following questions, which relate to the aggregate expenditures model:
a. If C is $100, Ig is $50, Xn is -$10, and G is $30, what is the economy's equilibrium GDP?
b. If real GDP in an economy is currently $200, C is $100, Ig is $50, Xn is -$10, and G is $30, will the economy's real GDP rise, fall, or stay the same?
cSuppose that full-employment (and full-capacity) output in an economy is $200. If C is $150, Ig is $50, Xn is -$10, and G is $30, what will be the macroeconomic result?
a. If C is $100, Ig is $50, Xn is -$10, and G is $30, what is the economy's equilibrium GDP?
b. If real GDP in an economy is currently $200, C is $100, Ig is $50, Xn is -$10, and G is $30, will the economy's real GDP rise, fall, or stay the same?
cSuppose that full-employment (and full-capacity) output in an economy is $200. If C is $150, Ig is $50, Xn is -$10, and G is $30, what will be the macroeconomic result?
Explanation
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(a)The equilibrium occurs at a point whe...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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