Refer to the figure above Based on the figure and starting from an initial

# Refer to the figure above based on the figure and

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82.Refer to the figure above. Based on the figure and starting from an initial short-run equilibrium where output equals 20,000, if autonomous consumption spending decreases by 1,000, then the new short-run equilibrium is at an output (Y) equal to: A. 24,000 B. 16,000 C. 14,000 D.22,000 AACSB: Analytical Skills Blooms: Application Frank - Chapter 21 #82 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output Subscribe to view the full document.

83.Refer to the figure above. Based on the figure and starting from an initial short-run equilibrium where output equals 20,000, if autonomous consumption spending increases by 1,000, then the new short-run equilibrium is at an output (Y) equal to: AACSB: Analytical Skills Blooms: Application Frank - Chapter 21 #83 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output 84.Refer to the figure above. Based on the figure, if the economy is in short-run equilibrium with output equal to 16,000, then there is a(n) _____ gap and a _____ in government spending would return the economy to potential output (Y*). AACSB: Analytical Skills Blooms: Application Frank - Chapter 21 #84 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output Subscribe to view the full document.

85.Refer to the figure above. Based on the figure, if the economy is in short-run equilibrium with output equal to 24,000, then there is a(n) _____ gap and a _____ in government spending would return the economy to potential output (Y*). AACSB: Analytical Skills Blooms: Application Frank - Chapter 21 #85 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output 86.Refer to the figure above. Based on the figure, the income-expenditure multiplier in the economy illustrated equals: A. 0.75 B.4 C. 4,000 D. 1,000 AACSB: Analytical Skills Blooms: Application Frank - Chapter 21 #86 Learning Objective: 21-03 Analyze, using graphs and numbers, how an economy reaches short-run equilibrium in the basic Keynesian model. Section: Short-Run Equilibrium Output Subscribe to view the full document.  • Fall '14
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