If MPC = 0.75, a $40 billion decrease in government purchases would have what size effect on the "first round" of changed consumption, and what effect on AD?
a. reduce "first round" consumption by $160 billion; reduce AD by $640 billion
b. reduce consumption by $120 billion; reduce AD by $480 billion
c. reduce consumption by $40 billion; reduce AD by $160 billion
d. reduce consumption by $30 billion; reduce AD by $160 billion
d
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Which would most likely shift the aggregate supply curve? A change in the prices of ________.
A. foreign products B. financial assets C. domestic products D. resources
Explain whether a monopoly that maximizes profit will also be maximizing revenue and production
What will be an ideal response?
When a resource is being depleted and becomes scarce, the market’s way of encouraging conservation is for the price of the resource to rise, without any government intervention.
Answer the following statement true (T) or false (F)
What can a nation do to increase its economic growth? Why is economic growth among the major national economic goals of all countries?
What will be an ideal response?