The economy of Kiwiland can be characterized by Equation below C=1,000+ 0.5Yd T=200 G=400 I=500 Refer to Equation If government spending in Kiwiland increases by 400, equilibrium output increases by Select one: a. 400 b. 2,000 O c. 800 O d. 1,600

The economy of Kiwiland can be characterized by Equation below C=1,000+ 0.5Yd T=200 G=400 I=500 Refer to Equation If government spending in Kiwiland increases by 400, equilibrium output increases by Select one: a. 400 b. 2,000 O c. 800 O d. 1,600

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?

Section: Chapter Questions

Problem 7TY

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Question

The economy of Kiwiland can be characterized by Equation below
C=1,000+ 0.5Yd
T=200
G=400
I= 500
Refer to Equation If government spending in Kiwiland increases by 400,
equilibrium output increases by
Select one:
O
a. 400
O
b. 2,000
c. 800
O
d. 1,600

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