kelbear1016 kelbear1016

02-01-2023
Business

Answered

Suppose that the economy is in a long-run equilibrium at a price level of 100 and full-employment real gdp of $500 billion. a recession occurs resulting from a $100 billion decrease in aggregate demand. in order to restore the economy to full employment given a mpc of 0.80, government purchases would need to:

Answer :

Other Questions

Assume that marginal propensity to consume is 0.8 and potential output is $800 billion. if the actual real gdp is $700 billion, _____ government spending by ___

When price falls from $6 to $4, this represents a [ select ] percent change. when quantity increases from 380 to 420 units, this represents a [ select ] percent

In a country in the midst of a serious economic downturn, the gdp has declined steadily for over three years and is now at its lowest level in over 60 years. th

Most executives now believe that important information flows from the __________ . a. internal to the external b. bottom up c. top down d. horizontal level

Historically, demand has averaged 9657 units with a standard deviation of 520. the company currently has 11051 units in stock. what is the service level

Currently it is known that 80% of customers shop at store 1 and 20% shop at store 2. while reviewing past data, suppose we find that out of all customer who sho

Running gear has sales of $316,000, depreciation of $47,200, interest expense of $41,400, costs of $148,200, and taxes of $16,632. the firm has net capital spen

The equal employment opportunity commission imposed compensatory damages on czar microsystems pvt. ltd. for discriminating against an employee on the basis of t

Florida inc. has revenues of $1,500,000 resulting in an operating income of $105,000. average invested assets total $750,000; the cost of capital is 10%. return

Ra-39703 company manufactures a specialized equipment. at the lowest activity level of 6,000 units, the company incurs $230,000 in maintenance costs. this amoun