Econ 101 HW 5 due march 15

Econ 101 HW 5 due march 15 - Take Assessment Homework Due...

This preview shows pages 1–3. Sign up to view the full content.

Take Assessment: Homework Due Sunday, March 15 Name Homework Due Sunday, March 15 Instructions Pick the one best answer. Multiple Attempts This Test allows multiple attempts. Force Completion This Test can be saved and resumed later. Question Completion Status: Question 1 1 points Save Suppose that autonomous consumption is \$300 and the marginal propensity to consume is .9. If an individual has \$1000 income and lump sum taxes are \$200 then the individual's level of consumption will be a. \$300 b. \$720 c. \$900 d. \$1020 Question 2 1 points Save By definition, macroeconomic equilibrium occurs at the point at which a. Y = AE b. Y = C + I + G + (X - M) c. Y* = [a - bT + I + G + (X - M)] / [1 - b] d. All of the above. Question 3 1 points Save Consider the following a=200, b=.8, T=50, I=100, G=100, X=100, M=100. What is the equilibrium level of output (Y*)? a. 5 b. 360 c. 1800 d. 3600 Question 4 1 points Save Suppose that G is 200 instead of 100 (and all other values are the same as above). What is the equilibrium level of output (Y*)?

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
a. 1800
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 3

Econ 101 HW 5 due march 15 - Take Assessment Homework Due...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online