Fill in the table below to answer the next five questions. Assume that l", G and NX are fixed. Consumption Planned Government Net Exports Change in Aggregate Expenditures (AE) Real GDP (Y) (C) Investment (Ip) Expenditures (G) (NX) Inventories 10000 11000 550 12000 1000 13000 10520 14000 11320 15000 12120 730 The full-employment level of output is $1000 above the current level of output. How much should the government change taxes in order for the new equilibrium to be equal to the full-employment level of output? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a -1000 -250 250 d 1000
Fill in the table below to answer the next five questions. Assume that l", G and NX are fixed. Consumption Planned Government Net Exports Change in Aggregate Expenditures (AE) Real GDP (Y) (C) Investment (Ip) Expenditures (G) (NX) Inventories 10000 11000 550 12000 1000 13000 10520 14000 11320 15000 12120 730 The full-employment level of output is $1000 above the current level of output. How much should the government change taxes in order for the new equilibrium to be equal to the full-employment level of output? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a -1000 -250 250 d 1000
Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?
Section: Chapter Questions
Problem 1TY
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