Read Only - You can't save changes to this file. Planned expenditure function question with lump-sum tax Do all parts to the question (show your work) Assume in Fantasticland, MPC = 0.75, and autonomous consumption = $6000. Planned investment = $2000, and planned government purchases = $5000. All Planned I and G are autonomous expenditures. Taxes ( T) is = $1000, and net exports = zero. a. Write out the consumption function b. What is induced consumption in this model? c. Write out the planned expenditure function (show your work) d. Calculate current equilibrium real current GDP (income) (show your work) e. How much is the expenditure multiplier? f. How much is the net tax multiplier g. At the current level of equilibrium, the economy is experiencing a recessionary gap $4000. How much is the full employment GDP? h. How much will fantasticland change lump sum tax to close the recessionary gap? i. Write out the new planned expenditure function to reflect the change in lump sum taxes to close the recessionary gap of $4000. j. Graph the planned expenditure function. Show current equilibrium point, full employment Y, shift in planned expenditure for a change in lump-sum taxes. Label the autonomous points.

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EGR 116 Project 2 Controlling Motor Speed - Word Mason B. Layout References Mailings Review View Help O Tell me what you want to do A Aa- E-E- E AaBbCcDdE AaBbCcL AaBbC AaBbCcI AaBbCc] AaBbCcC Aa A- aly - A E E- 1 Caption Emphasis Heading 1 1 Normal Strong Subtitle Tit Paragraph Styles Use the accounts listed below to answer the questions about the profit of a business. Total Revenue Hired Labor Materials Purchased Interest that the owner could have earned on an alternative investment Income the owner could have earned by renting the firm's building Utility Payments ......... Income the owner could have earned in an alternative business venture . Cost of shipping the firm's output to buyers Identify the explicit costs incurred by this business. Why are they explicit costs? Identify the implicit costs incurred by the business. Why are they implicit costs? How much accounting profit does the firm make? Show your work. How much economic profit (loss) does this firm make? Show your work.…

B Spreadsheet A bank's mortgage department must process the following six jobs to maximize client satisfaction. Processing Time (days) 14 12 16 11 18 22 Mortgage 1 2 3 4 5 6 55 17 80 22 39 60 What sequencing rule should you use? For the rule you selected, find the best sequence using the Excel Sequencing template. The most appropriate sequence rule is -Select- The best sequence is -Select- ✔ -Select- ✓ -Select- ✓ Due Date -Select- ✓ -Select- ✔ -Select- ✓