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Answer the questions below based on the following economy: C = 4,000+ 0.25(Y-T) 1 = 10 = 2,000 G = Go = 1,000 X = 700 IM
Posted: Sun May 29, 2022 8:14 pm
by answerhappygod
- Answer The Questions Below Based On The Following Economy C 4 000 0 25 Y T 1 10 2 000 G Go 1 000 X 700 Im 1 (55.6 KiB) Viewed 17 times
Answer the
questions below based on the following economy: C = 4,000+ 0.25(Y-T) 1 = 10 = 2,000 G = Go = 1,000 X = 700 IM = 300 T = To = 2,000 Yp = 12,000 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