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2 of her money on rides. She then spent $3.00 on snacks. At the end of the day, Meggane had $2.00 remaining. The equation
2 d – 3 = 2 represents this situation. How much money did Meggane bring to the fair?
How can i use the IS-LM diagram for this question. ? Thankyou
In an economy with no exports and imports, autonomous consumption is $3 trillion, the marginal propensity to consume
is 0.6, investment is $5 trillion, and government expenditure on goods and services is $6 trillion. Taxes are $5 trillion and
do not vary with real GDP.
If real GDP is $34.4 trillion, calculate disposable income, consumption expenditure, and aggregate planned expenditure. What is equilibrium expenditure?
a) Derive the equation that describe the consumption function? (1 mark)
b) Derive the equation that describes the aggregate expenditure curve? (1 mark)
c) Calculate equilibrium expenditure and real GDP. (2 marks)
d) If investment falls to $360b, what is the change in equilibrium expenditure and what is the size of the multiplier? (2 marks)
e) Sketch the information from a) – d) above using a Keynesian income-expenditure diagram.