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May 22, 2015

Homework Help: Macroeconomics

Posted by Amber on Thursday, December 10, 2009 at 2:50pm.

Assume the simple spending multiplier
equals 10. Determine the size and direction of any changes in the
aggregate expenditure line, real GDP demanded, and the aggregate
demand curve for each of the following changes in spending:
a. Spending rises by $8 billion at each income level.
b. Spending falls by $5 billion at each income level.
c. Spending rises by $20 billion at each income level.

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