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Macroeconomics 11th Edition by Michael Parkin
النسخة 11الرقم المعياري الدولي: 9780133423884Macroeconomics 11th Edition by Michael Parkin
النسخة 11الرقم المعياري الدولي: 9780133423884 تمرين 26
The Multiplier
Obama's New Stimulus
The Obama recovery plan announced on Monday includes proposed spending of $50 billion to rebuild 150,000 miles of roads, construct and maintain 4,000 miles of rail, and fix or rebuild 150 miles of runways.
If the slope of the AE curve is 0.7, calculate the immediate change in aggregate planned expenditure and the change in real GDP in the short run if the price level remains unchanged.
Obama's New Stimulus
The Obama recovery plan announced on Monday includes proposed spending of $50 billion to rebuild 150,000 miles of roads, construct and maintain 4,000 miles of rail, and fix or rebuild 150 miles of runways.
If the slope of the AE curve is 0.7, calculate the immediate change in aggregate planned expenditure and the change in real GDP in the short run if the price level remains unchanged.
التوضيح
موثّق
موثّق
Here the autonomous expenditure will inc...
Macroeconomics 11th Edition by Michael Parkin
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