Solved

Data on Output and Planned Aggregate Expenditure in Macroland Are

Question 30

Multiple Choice

Data on output and planned aggregate expenditure in Macroland are given below: Data on output and planned aggregate expenditure in Macroland are given below: Based on these data,the short-run equilibrium level of output is _________ and the income-expenditure multiplier equals ________. A) 3,000;1.0 B) 5,000;1.2 C) 5,000;1.5 D) 5,000;2.0 E) 6,000;5.0
Based on these data,the short-run equilibrium level of output is _________ and the income-expenditure multiplier equals ________.


A) 3,000;1.0
B) 5,000;1.2
C) 5,000;1.5
D) 5,000;2.0
E) 6,000;5.0

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q25: For an economy starting at potential output,a

Q26: If planned aggregate expenditure (PAE)in an economy

Q27: If planned aggregate expenditure equals 5,000 +

Q28: If planned aggregate expenditure in an economy

Q29: Suppose C = 100 + 0.6(Y -

Q31: If consumption increases by $8 when disposable

Q32: Employment insurance payments and social assistance payments,acting

Q33: When actual private-sector investment is greater than

Q34: In Macroland,autonomous consumption equals 100,the marginal propensity

Q35: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -Based on the