handwritten solution not required correct answer will get instant upvote Connect Problem 13-11An economy is described as follows:C = 400+ 0.6(YT)IP = 200-G = 200NX = 60T=100Y* = 2,100a. For the economy described above, find autonomous expenditure, the multiplier,short-run equilibrium output, and the output gap.Instructions: Enter your responses as absolute values.Autonomous expenditure:Multiplier:Short-run equilibrium output:There is (Click to select) output gap in the amount ofb. Illustrate this economy's short-run equilibrium on a Keynesian cross diagram.Instructions: On the graph below, use the line tool 'PAE' to draw the aggregateexpenditure line using the points at Y = 1,500 and Y = 2,500 only. Then use the pointtool 'Short-term eq!' to identify the equilibrium level of income and expenditure.

Aggregate expenditure: aggregate expenditure is the sum of consumption expenditure, investment…

Connect Problem 13-11 An economy is described as follows: C = 400+ 0.6 (Y - T) IP = 200- G= 200 NX = 60 T= 100 Y* = 2,100 a. For the economy described above, find autonomous expenditure, the multiplier, short-run equilibrium output, and the output gap. Instructions: Enter your responses as absolute values

Connect Problem 13-11 An economy is described as follows: C = 400+ 0.6 (Y - T) IP = 200- G= 200 NX = 60 T= 100 Y* = 2,100 a. For the economy described above, find autonomous expenditure, the multiplier, short-run equilibrium output, and the output gap. Instructions: Enter your responses as absolute values

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter19: The Keynesian Model In Action

Section: Chapter Questions

Problem 5SQP

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For the following economy, find autonomous expenditure, the multiplier, short-run equilibrium output, and the output gap. By how much would autonomous expenditure have to change to eliminate the output gap? C = 550 + 0.75 (Y – T ) I p = 200 G = 200 NX = 60 T = 180 Y* = 3,400 Instructions: Enter your responses as absolute numbers. Autonomous expenditure:   Multiplier:   Short-run equilibrium output:   There is   (Click to select)   an expansionary   no   a recessionary  output gap in the amount of  .Autonomous expenditure would need to    (Click to select)   increase   decrease   stay the same  by  to eliminate the output gap.
For the following economy, find autonomous expenditure, the multiplier, short-run equilibrium output, and the output gap. By how much would autonomous expenditure have to change to eliminate the output gap? C = 2,500 + 0.75 (Y – T ) I p = 1,500 G = 2,000 NX = 300 T = 1,500 Y* = 19,900 Instructions: Enter your responses as whole numbers. Autonomous expenditure: 5175Multiplier: 4Short-run equilibrium output: 20,700Output gap: (DO THIS PART)Autonomous expenditure would need to (Click to select)   decrease   increase by ____________to eliminate the output gap. (DO THIS PART
An economy is described as follows: C = 400 + 0.6(Y – T) I p = 200 G = 200 NX = 60 T = 100 Y* = 2,100 a. For the economy described above, find autonomous expenditure, the multiplier, short-run equilibrium output, and the output gap.Instructions: Enter your responses as absolute values.Autonomous expenditure: 800 correct.Multiplier: 2.5 correct.Short-run equilibrium output: 2000 correct.There is a recessionary output gap in the amount of 100 correct.. SOLVE PART (b)b.  Illustrate this economy’s short-run equilibrium on a Keynesian cross diagram.Instructions: On the graph below, use the line tool 'PAE' to draw the aggregate expenditure line using the points at Y = 1,500 and Y = 2,500 only. Then use the point tool 'Short-term eq.' to identify the equilibrium level of income and expenditure.
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For the following economy, find autonomous expenditure, the multiplier, short-run equilibrium output,and the output gap. By how much would autonomous expenditure have to change to eliminate theoutput gap? C= 2,500 + 0.75 (Y – T ) I p= 2,000 G= 3,000 NX= 100 T= 2,500 Y*= 22,500 Calculate the multiplier in the economy?
1) Determine the value of the multiplier for this economy, and find the equilibrium value of Y.
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equilibrium is important in the simple expenditure model so we need to know the following: what is the signal or indicator in the economy that will tell us we are not in equilibrium? What value for that signal will assure us we are in equilibrium? Explain why. ( Please solve whole question ASAP . I will definitely Rate your answer )
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