Aggregate demand at current prices, Macroeconomics

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Aggregate demand at current prices

Suppose the consumption function is C = $500 billion + 0.9Y and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially (before multiplier effects) with

(a) A $50 billion increase in government purchases?

(b) A $50 billion tax cuts?

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Macroeconomics: Aggregate demand at current prices

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Macroeconomics: Aggregate demand at current prices

Reference No:- TGS062286

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

Q : What amount must graham include in his gross income

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Q : What amount should goetz have charged to expense

Q : What amount of expenditures can holly deduct as expense

Q : Aggregate demand at current prices

Q : Who is covered by medicaid

Q : What the depreciation expense for 2011 would be

Q : Determine the cost function for manchester

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Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Aggregate demand at current prices

Reference No:- TGS062286

Recent Questions Asked Macroeconomics

Q : What amount must graham include in his gross income

Q : What does king mean when he says

Q : What amount should goetz have charged to expense

Q : What amount of expenditures can holly deduct as expense

Q : Aggregate demand at current prices

Q : Who is covered by medicaid

Q : What the depreciation expense for 2011 would be

Q : Determine the cost function for manchester

Q : Calculation of fair price of bond

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