Fill in the missing numbers on the chart. Then tell me where we are operating on the Planned AE/RGDP graph for each line of our chart. Draw and label each point on the graph. Chng DI C S I X-M PlannedAE in Inv RGDP Net Taxes 5.0 1.0 3.7 1.0 -.5 4.1 5.5 .5 6.0 4.9 6.5 .7 7.0 What is the MPC for this example? What is the MPS (Marginal Propensity to Save)? |||| |||||

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter16: Budget Deficits In The Short And Long Run
Section: Chapter Questions
Problem 1DQ
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3
Fill in the missing numbers on the chart. Then tell me where we are operating on the
Planned AE/RGDP graph for each line of our chart.
Draw and label each point on the graph.
Chng
in Inv
X-M PlannedAE
-5
C
I G
RGDP Net Taxes
5.0 1.0
DI
3.7
1.0
4.1
5.5
.5
6.0
4.9
6.5
.7
7.0
What is the MPC for this example?
What is the MPS (Marginal Propensity to Save)?
||||
||||
Transcribed Image Text:Fill in the missing numbers on the chart. Then tell me where we are operating on the Planned AE/RGDP graph for each line of our chart. Draw and label each point on the graph. Chng in Inv X-M PlannedAE -5 C I G RGDP Net Taxes 5.0 1.0 DI 3.7 1.0 4.1 5.5 .5 6.0 4.9 6.5 .7 7.0 What is the MPC for this example? What is the MPS (Marginal Propensity to Save)? |||| ||||
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