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Lukecrayonz

  • 2 years ago

Economics question

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  1. Lukecrayonz
    • 2 years ago
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    In the simple two-sector model, if C=120 billion +.75(Y) and I=30 billion, then equilibrium income is equal to what?

  2. angela210793
    • 2 years ago
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    |dw:1351493536528:dw|

  3. Lukecrayonz
    • 2 years ago
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    Assume 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?

  4. angela210793
    • 2 years ago
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    Tax multiplier is |dw:1351494352266:dw| I'm writing from what I remember from last year..cause I haven't taken his lecture yet :)