Assume MPC is 0.8 In an Aggregate Expenditure (AE) model. If the government increases the government spending by $14 bil

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Assume Mpc Is 0 8 In An Aggregate Expenditure Ae Model If The Government Increases The Government Spending By 14 Bil 1 (42.35 KiB) Viewed 47 times

Assume MPC is 0.8 In an Aggregate Expenditure (AE) model. If the government increases the government spending by $14 billion, then the equilibrium real GDP will increase by $ billion. Round to the nearest 1/10th of billion. For example, if your answer is $12.34 billion, then enter "12.3" in the box. Margin of error: +/-1. Question 28 2 pts Assume that the reserve ratio is 20 percent and banks in the system are loaning out all their excess reserve. If people collectively deposit $300 million to their checking accounts, then the lending ability of the banking system will increase by $ mil Round to the nearest million. For example, if your answer is $1234.56 million, then enter "1235" in the box. Margin of error: +/- 10.