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Category > Economics Posted 03 May 2017 My Price 9.00

Shifts of Aggregate Demand)

(Shifts of Aggregate Demand) Assume the simple spending multiplier equals 10. Determine the size and direction of any changes of the aggregate expenditure line, real GDP demanded, and the aggregate demand curve for each of the following changes in autonomous spending:

 

a. Autonomous spending rises by $8 billion.

b. Autonomous spending falls by $5 billion.

c. Autonomous spending rises by $20 billion.

 

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Status NEW Posted 03 May 2017 08:05 PM My Price 9.00

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