Question
In: Economics
Fill in the blanks in the following statements to interpret the idea behind government purchases multiplier...
Fill in the blanks in the following statements to interpret the idea behind government purchases multiplier being equal to 2 (hint: consider both expansionary and contraction nary fiscal policy cases).
Answer:
A $1________________in______________________will_________________real GDP by___________________________.
A $1________________in______________________will_________________real GDP by___________________________.
Solutions
Expert Solution
Expansionary
a) "$1 billion" in "government purchase" will "increase" real GDP by "$2 billion.". (as the multiplier is 2 the effect of expansion will be twice the actual amount.)
Contractionary
b) "$1 billion" in " increased taxes" will "decrease" real GDP by "$2billion". (again the multiplier will result in the increased effect of taxes on the economy. This works both ways increasing and decreasing. )
Rahul Sunny answered 2 years agoRelated Solutions
Fill in the blanks in each of the following statements
Fill in the blanks in
each of the following statementsa) --------- allows
you to build JavaFx GUIS using drag and drop techniques.b) The elements in the
scene graph are called --------------c) A(n) -----------
file contains the description of a JavaFX GUI.d) The method
---------------- is called by FMXLLoader before the GUI is
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Fill in the blanks in each of the following statements: a) The _________ states that every...
Fill in the blanks in each of the following statements:
a) The _________ states that every column in a primary key must
have a value, and the value of the primary key must be unique
b) The ________ states that every foreign-key value must appear as
another table's primary-key value.
c) A(n) ________ in a pattern indicates that a string matching the
pattern can have zero or more characters at that location in the
pattern.
d) Java DB is the...
for each of the following statements, fill in the blanks with an easy to check criterion:...
for
each of the following statements, fill in the blanks with an easy
to check criterion:
a. M is a triangular number if and only if _______ is an odd
number.
b. N is an odd square if and only if _________ is a triangular
number.
c. prove that your criteria in a and b are correct.
Fill in the blanks in the following separate income statements a through e.
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.)
Fill in the blanks in the following separate income statements a through e.
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.)
Fill in the blanks: Consider the following equilibrium and fill in the blanks with either increase...
Fill in the blanks:
Consider the following equilibrium and fill in the blanks with
either increase or decrease.
I2(s) + 5F2(g) ⇌
2IF5(g)
A decrease in volume results in a Blank 1 in pressure which will
Blank 2 the amount of IF5.
1) How is the idea of the government spending multiplier, or multiplier effects in general, illustrated...
1) How is the idea of the government spending multiplier, or
multiplier effects in general, illustrated in this video?
2) What could happen to Jacksonville MSA's local economy and the
Southeast region if such a major project, which was initiated in
June 2014, is completed and all needed state funding is
secured?
Fill in the blanks in the following separate income statements a through e. (Amounts to be...
Fill in the blanks in the following separate income statements
a through e. (Amounts to be deducted
should be indicated by a minus sign.)
a
b
c
d
e
Sales
$62,000
$44,700
$53,000
$26,700
Cost of goods sold
Merchandise inventory (beginning)
8,800
16,040
6,700
7,100
4,380
Total cost of merchandise
purchases
31,000
44,000
6,400
Merchandise inventory (ending)
(2,400)
(8,000)
(7,000)
Cost of goods sold
33,770
17,000
7,500
Gross profit
5,100
49,200
Expenses
10,000
10,590
11,630
4,800
7,800
Net income (loss)...
Fill in the blanks to make the following statements correct. a. The equation for actual national...
Fill in the blanks to make the following statements correct.
a. The equation for actual national income from the
expenditure side is written as: GDP = ___________________.
A. Ca + Ia + Ga (Xa - IMa)
B. a + bY
C. C + I + G + (X - IM)
Fill in the blanks in the following separate income statements a through e (Amounts to be...
Fill in the blanks in the following separate income statements a through e (Amounts to be deducted should be indicated by a minus sign.) Sydney accepts delivery of $22,000 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $14,740.
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