a. If the economy's full employment rate of output is 6.0 trillion, what will happen to the unemployment rate assuming that it will persist into future? b. What would happen to the equilibrium level of output/income if there will be an autonomous increase in investment of 250 billion?
a. If the economy's full employment rate of output is 6.0 trillion, what will happen to the unemployment rate assuming that it will persist into future? b. What would happen to the equilibrium level of output/income if there will be an autonomous increase in investment of 250 billion?
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 12QP
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Question
The rate of output and planned expenditures for the economy of timbuktu are shown in the following table:
Total Output |
Planned Aggregate Expenditures (Two-sector Economy) (in billions) |
5,000 | 5,250 |
5,500 | 5,500 |
6,000 | 5,750 |
6,500 | 6,000 |
7,000 | 6,250 |
a. If the economy's full employment rate of output is 6.0 trillion, what will happen to the
b. What would happen to the equilibrium level of output/income if there will be an autonomous increase in investment of 250 billion?
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