Messages
Proposals
Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.
Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support
1. (Consumption) Use the following data to answer the following questions.
Real Disposable income (billions) Expenditures (billions) Savings (billions)
$100 $150
$200 $200
$300 $250
$400 $300
a. Graph the consumption function, with consumption spending on the vertical axis and disposable income on the horizontal axis.
b. If the consumption function is a straight line, what is its slope?
c. Fill in the saving column at ach level of income. If the saving function is straight line, what is its slope?
2. Consumption Function: How would an increase in each of the following affect the consumption function?
a. Net taxes
b. The interest rate
c. Consumer optimism, or confidence
d. The price level
e. Consumers’ net wealth
f. Disposable income
3. (Simple Spending Multiplier) For each of the following values for the MPC, determine the size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease in spending:
a. MPC= 0.9
b. MPC= 0.75
c. MPC= 0.6
4. (Expansionary and Recessionary Gaps)
a. If the actual price level exceeds the expected price level reflected in long-terms contracts, real GDP equals -------- and the actual price levels equals ------- in the short run.
b. The situation described in part (a) results in a -------- gap equal to -----.
c. If the actual price level is lower than the expected price level reflected in long-term contracts, real GDP equals ------ and the actual price level equals ------ in the short run.
d. The situation described in part (c) results in a ------ gap equal to -------.
e. If the actual price level equals the expected price level reflected in long-term contracts, real GDP equals ------ and the actual price level equals ------- in the short run.
f. The situation described in part (e) results in ------- gap equal to --------.
5. (Changes in Aggregate Supply) List three factors that can change the economy’s potential output. What is the impact of shifts of the aggregate demand curve on potential output? Illustrate with a diagram.
6. (Supply Shocks) Give an example of an adverse supply shock and illustrate graphically. Do the same for a beneficial supply shock.
Number 4 graph
130-----------------------------
120----------------------
110---------
13.7 14.0
------------ SRAS
14.2
Applied Sciences
Architecture and Design
Biology
Business & Finance
Chemistry
Computer Science
Geography
Geology
Education
Engineering
English
Environmental science
Spanish
Government
History
Human Resource Management
Information Systems
Law
Literature
Mathematics
Nursing
Physics
Political Science
Psychology
Reading
Science
Social Science
Home
Blog
Archive
Contact
google+twitterfacebook
Copyright © 2019 HomeworkMarket.com
| Writer | Writer Name | Amount | Client Comments & Rating |
|---|---|---|---|
ONLINE |
Instant Homework Helper |
$36 |
She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up! |
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
| Writer | Writer Name | Offer | Chat |
|---|---|---|---|
ONLINE |
Top Essay TutorI have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades. |
$235 | Chat With Writer |
ONLINE |
University Coursework HelpHi dear, I am ready to do your homework in a reasonable price. |
$232 | Chat With Writer |
ONLINE |
Helping HandI am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements. |
$230 | Chat With Writer |
ONLINE |
Homework GuruHi dear, I am ready to do your homework in a reasonable price and in a timely manner. |
$232 | Chat With Writer |
ONLINE |
Best Coursework HelpI am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements. |
$230 | Chat With Writer |
ONLINE |
Calculation GuruI see that your standard of work is to get content for articles. Well, you are in the right place because I am a professional content writer holding a PhD. in English, as well as having immense experience in writing articles for a vast variety of niches and category such as newest trends, health issues, entertainment, technology, etc and I will make sure your article has all the key pointers and relevant information, Pros, Cons and basically all the information that a perfect article needs with good research. Your article is guaranteed to be appealing, attractive, engaging, original and passed through Copyscape for the audience so once they start reading they keep asking for more and stay interested. |
$225 | Chat With Writer |
Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.