Saturday
February 28, 2015

Homework Help: economics

Posted by Jjessica on Friday, August 6, 2010 at 4:04pm.

Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demanded for each of the following values of the MPC.

a. 0.9
b. 0.8

I don't get it ! please help.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

macroeconomics - Assume that the government purchases decrease by 10 billion, ...
Economics - Concern about international crisis has caused consumers to save ...
Economics - *MPC = 3/4 *change in Taxes(T) = $5 Billion *change in Government ...
Macroeconomics - The money supply in Freedonia is $200 billion. Nominal GDP is $...
Economics - 1. What effect would a decrease in consumer savings have on the ...
economics grad level - I cannot figure this our for the life of me!Assume that ...
Economics - 3. Starting from short-run equilibrium, the following occurs: Labor ...
Economics - 3. Starting from short-run equilibrium, the following occurs: Labor ...
Macroeconomics - Assume the simple spending multiplier equals 10. Determine the ...
MACRO 2 ECON - 2.4 (Investment and the Multiplier) This chapter assumes that ...

Members