115 14 120 122 Year (S Real GOP ons) 4) Consider the above figure. If the aggreg
ID: 1129316 • Letter: 1
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115 14 120 122 Year (S Real GOP ons) 4) Consider the above figure. If the aggregate demand went from AD2 to 4) AD3, our nation would have gone from A) a recessionary gap to full-employment real GDP B) an inflationary gap to full-employment GDP C) a recessionary gap to an inflationary gap. D) full-employment real GDP to an inflationary gap 5) A depreciation of the US dollar the price of US imports, and the price of US. exports. A) increases, lowers B) lowers, increases D) lowers, lowers increases, increases 6) Which of the following is false? 6) A) MPC+MPS 1 C)APC + APS = 1 B) 1- APC- APs D) APC + MPS-1 Planned Real Consumption per Year Income per Year 1,800 2,000 3,000 2,000 3,000 4,000 3,000 3,400 5,800 6,600 7400 8,200 7,000 9,000 The level of autonomous consumption in the above table is 7) A) $0. B) 59,000 C) $5.000 D) $1,000. 5) In the above table, dissaving occurs at every level of income below 8) A) $10,000. B) $8,000. C) $5,000. D) $7,000 9) In the above table, the marginal propensity to consume when disposable 9) income changes from $5,000 to $6,000 is A) 0.5. B) 0.75 C) 0.6. D) 0.8Explanation / Answer
Answer:- consider the above figure. if the aggregate demand went from AD2 to AD3, our nation would have gone from
Correct Answer;- a recessionary gap to an inflationary gap
Answer:- a depreciation of the US dollar ………….. the price of US imports and …….the price of US exports
Correct Answer;- increases; lowers
Answer;- Which of the following is False
Correct Answer:- APC+MPS=1
Answer:- the level of autonomous consumption in the above table is
Correct Answer:- $1000
Reason:- autonomous consumption is the minimum level of consumption even the consumer does not have any income.
Answer:- in the above table, dissaving occurs at every level of income below
Correct Answer:- $5000
Reason:- Below $5000, income is less than expenditure
Answer:- The marginal propensity to consumer = difference in consumption / difference in income
The marginal propensity to consumer = (5800-5000)/(6000-5000)= 0.8
So correct answer is:- 0.8
Answer:- The graph which represents the long run aggregate supply curve:-
Correct Answer:- Graph A
Answer:- long run equilibrium price level and GDP
Correct Answer:- D:- 130,12
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