Government consumption expenditures (G) include central, municipal and federal government. a. True b. False

Fill in the blanks: _______________     ___________ = income received but no goods are produced in exchange.   ________________, ____________________, and durable goods are the three categories of Consumption Expenditures.  ______________  Domestic Product = GDP minus depreciation.

What is the value of the sensitivity money demand to the level of income? O a. 25 O b. 0.50 O c. 50 O d. 0.65 What is the value of the nominal supply? O a. 500 O b. 1000 O c. 1000/2 O d. 2 Which of the following is an expression representing the IS curve O a. 0.65Y = 2325 - 50i O b. 0.65Y = 2325 + 50i O c. 0.50Y = 500 + 25i O d. 0.35Y = 2325 - 50i

3 bok t ces The simple economy of Altria shown in the table below has no government or taxes and no international trade. Its investment is autonomous and its MPC is constant. a. Complete the table below. Remember to use a minus (-) sign to indicate negative values. AE Y S I 200 0 400 800 1,200 1,600 2,000 C 200 500 800 1100 1400 1700 0 -200 -100 100 200 300 b. The value of expenditures equilibrium is $ c. The value of the multiplier is