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Lukecrayonz
 3 years ago
Economics question
Lukecrayonz
 3 years ago
Economics question

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Lukecrayonz
 3 years ago
Best ResponseYou've already chosen the best response.0In the simple twosector model, if C=120 billion +.75(Y) and I=30 billion, then equilibrium income is equal to what?

angela210793
 3 years ago
Best ResponseYou've already chosen the best response.1dw:1351493536528:dw

Lukecrayonz
 3 years ago
Best ResponseYou've already chosen the best response.0Assume the government cuts taxes by $5 million. If the MPC = 0.75, what is the maximum potential impact on real GDP according tot he Keynesian model?

angela210793
 3 years ago
Best ResponseYou've already chosen the best response.1Tax multiplier is dw:1351494352266:dw I'm writing from what I remember from last year..cause I haven't taken his lecture yet :)