(Table) The table that follows shows the data for Keynesland. Plot the data on an aggregate expenditures schedule. Suppose a housing boom causes consumption spending to rise by $100 at all levels. Graph the new aggregate expenditures schedule. By how much would equilibrium income rise? What is the value of the multiplier?

Question

(Table) The table that follows shows the data for Keynesland.  Plot the data on an aggregate expenditures schedule. Suppose a housing boom causes consumption spending to rise by $100 at all levels. Graph the new aggregate expenditures schedule. By how much would equilibrium income rise? What is the value of the multiplier?

Quizplus · Accepted Answer

The Answer of (Table) The table that follows shows the data for Keynesland.  Plot the data on an aggregate expenditures schedule. Suppose a housing boom causes consumption spending to rise by $100 at all levels. Graph the new aggregate expenditures schedule. By how much would equilibrium income rise? What is the value of the multiplier?

(Table) the Table That Follows Shows the Data for Keynesland