HW_chap_13_part_1[1]

# HW_chap_13_part_1[1] - decreases by \$15 billion What is the...

This preview shows page 1. Sign up to view the full content.

Econ 100 San Francisco State HW Chapter 13 You do not need to turn this problem in to me, but you can assume that there will be problems very similar to it in either a quiz or an exam. It would greatly benefit your to do it. 1) Finish this table 2) If consume spending rises by \$9 billion when disposable income rises by \$12 billion, what is the marginal propensity to consume? What is the marginal propensity to save? 3) Lets that when there is an autonomous decrease in consumption of \$5 billion, real GDP
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: decreases by \$15 billion. What is the multiplier? 4) Lets say that the multiplier is 3.1 and there is an autonomous increase in inventory by \$4.3 billion. How much does the aggregate demand curve shift, and in what direction? Year Nominal GDP (\$ billions) Real GDP (billions 2005\$) GDP deflator 2003 432 555 2004 553 602 2005 641 641 2006 721 694 2007 805 720...
View Full Document

## This note was uploaded on 09/08/2011 for the course ECON 100 taught by Professor Pgking during the Spring '08 term at S.F. State.

Ask a homework question - tutors are online