Explain the difference between a closed economy fiscal multiplier and an open economy fiscal multiplier giving the appropriate equations. In both cases incorporate a government sector with an income tax rate given by t.

The government lowers $0.9 trillion in taxes, restoring GDP from $10 trillion to its potential level of $11.2 trillion. What is the value of the tax multiplier?   A -1.33   B -0.9   C -0.75   D -1   E -1.2

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Consider the following model: Y=C+I+G, C=c(Y-T), I=i(Y,r) Analyze the effects of expansionary and contractionary fiscal policies and indicate them on a graph.

Government spending in Robok is $140 billion, and its only tax is an income tax with a marginal tax rate of 0.2. a. The balance on the government's budget at a GDP level of $450 billion is a (Click to select) : of $ billion. b. The balance on the government's budget at a GDP level of $800 billion is a ( (Click to select) : of $ billion. C. At what level of GDP will the economy of Robok have a balanced budget? Robok will have a balanced budget at a GDP level of $ [ ]billion.

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In the equation AE = $2,000 + 0.8Y, autonomous expenditures are equal to 80 percent of income. [True or False] and EXplain WHY

Refer to the photo below. What is the equilibrium level of income for this economy if Y = C + I + G ? a. 240.71 b. 240.86 c. 242.86 d. 242.91 What is the size of the tax multiplier for this economy? a. 2.19 b. 2.29 c. 2.31 d. 2.6

Suppose, government is undertaking expansionary fiscal policy because of recessionary concerns. How will the effectiveness of the policy be affected if public is feeling cautious and not spending much? Present your arguments in 100 words or less. (Hint: think about the size of the multiplier effect).

Calculate the fiscal multiplier if the marginal propensity to save is 0.2.