Macroeconomics Questions

What is the largest source of revenue in the government's budget?

If output is less than planned aggregate expenditure, there will be

If the government spending multiplier is 2 and government purchases increase by $200 billion, output will increase by

Refer to Table 9.4 At an output level of $1,500 billion, the level of aggregate expenditure is ________ billion.

If government purchases are decreased by $800 and taxes are decreased by $800, the equilibrium level of income will

If the tax multiplier is -15 and taxes are increased by $150 billion, output

Assuming there is no foreign trade in the economy, the economy is in equilibrium when

Refer to Figure 9.5 If the economy is in equilibrium and the government increases spending by $100 billion, equilibrium aggregate expenditures increase to $________ billion.

Taxes are reduced by $70 billion and income increases by $280 billion. The value of the tax multiplier is

Refer to Equation 9.1 The equilibrium level of output for the Italian economy isEQUATION 9.1: C = 300 + 0.8YdG = 400T = 200I = 200

Refer to Table 9.1At an output level of $1,200 billion, there is an unplanned inventory change of

Refer to Table 9.1 At an output level of $1,200 billion, there is a tendency for output

Refer to Table 9.4 At an output level of $1,500 billion, there is an unplanned inventory

The aggregate consumption function is C = 100 + 0.6Yd. If income is $1,000 and net taxes are $300, consumption equals

Refer to Table 9.1At an output level of $1,200 billion, the level of aggregate expenditure is

If Logan received a $2,500 bonus and his MPS is 0.20, his consumption rises by $________ and his saving rises by $________.

Table 8.7.At an aggregate output (income) level of $400 billion, planned expenditure equals

Figure 8.2Jerry's consumption equals his income at Point...

Figure 8.8 The amount of planned investment increases if the interest rate

Figure 8.2 Jerry's saving equals zero at income level...