HW9 - Homework 9-Intermediate Macroeconomics-Due on I...

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Homework 9--Intermediate Macroeconomics-Due on 11/30/2010 I Multiple choices Use the following to answer question 1: Exhibit: Keynesian Cross 1. (Exhibit: Keynesian Cross) In this graph, if firms are producing at level Y 1 , then inventories will ______ inducing firms to ______ production. A) rise; increase B) rise; decrease C) fall; increase D) fall; decrease 2. When planned expenditure is drawn on a graph as a function of income, the slope of the line is: 3. In the Keynesian-cross model with a given MPC , the government- expenditure multiplier ______ the tax multiplier. Page 1
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4. The Keynesian-cross analysis assumes planned investment:
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