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    Harvard university
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Category > Economics Posted 03 May 2017 My Price 9.00

Real GDP

QUESTION 2

  1. Real GDP = $500
  2.             Potential GDP = $700
  3.             MPC = .8
  4.  
  5. This is a(n) ____________(recessionary, inflationary) gap which can be closed by (increasing, decreasing) __________  government spending by $________________ .

1 points  

QUESTION 3

graph question 3 .jpg

 

    

  1. This is a(n)__________ (recessionary, inflationary) gap which can be closed by (increasing, decreasing)__________  taxes by $_____________ . The MPC = .8.

1 points  

QUESTION 4

  1. Real GDP = $1500
  2.             Potential GDP = $1200
  3.             MPS = .333
  4.  
  5. This is a(n)________________(recessionary, inflationary)  gap which can be closed by (increasing, decreasing)_________________  government spending by $_________ .

1 points  

QUESTION 5

  1. Real GDP = $1500
  2.             Potential GDP = $1800
  3.             MPS = .25

 

  1. This is a(n)____________ (recessionary, inflationary) gap which can be closed by (increasing, decreasing)_____________________  taxes by $__________________ .

1 points  

QUESTION 6

graph question 6.jpg

  1. This is a(n)__________________(recessionary, inflationary)  gap which can be closed by (increasing, decreasing)_________________  transfer payments by $______________________ . The MPC = 0.5.

1 points  

QUESTION 7

  1. An example of one of the governmentâs implicit liabilities is ________________________.

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Answers

SuperTutor
(15)
Status NEW Posted 03 May 2017 02:05 AM My Price 9.00

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file 1493780034-Solutions file.docx preview (56 words )
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