* Question Completion Status: Take Test: ECO 201-1800 Test 3 A Moving to the next question prevents changes to this answer. Question 6 Question 6 of 25 4 points Save Answer If the current level of real GDP equals $9,000 billion, and there are no changes in the consumption function or in planned investment, then real GDP will in the next period. Aggregate expenditures per year $15,000 13,500- 45-degree line (billions of dollars) 12,000 AE 10,500- 9,000 7,500 6,000 4,500 3,000 1,500 0 $3,000 6,000 9,000 12,000 15,000 Real GDP (Y) per year (billions of dollars) a, rise b. remain unchanged c. fall, but only if there is an offsetting change in autonomous consumption d. fall A Moving to the next question prevents changes to this answer. Question 6 of 25

* Question Completion Status: Take Test: ECO 201-1800 Test 3 A Moving to the next question prevents changes to this answer. Question 6 Question 6 of 25 4 points Save Answer If the current level of real GDP equals $9,000 billion, and there are no changes in the consumption function or in planned investment, then real GDP will in the next period. Aggregate expenditures per year $15,000 13,500- 45-degree line (billions of dollars) 12,000 AE 10,500- 9,000 7,500 6,000 4,500 3,000 1,500 0 $3,000 6,000 9,000 12,000 15,000 Real GDP (Y) per year (billions of dollars) a, rise b. remain unchanged c. fall, but only if there is an offsetting change in autonomous consumption d. fall A Moving to the next question prevents changes to this answer. Question 6 of 25

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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. If the consumption function in an economy as follows C = 50 + 0.75Y and the following variables fixed at investment = 250 MD Government expenditure = 200MJD, Net exports = 200MJD, so the equilibrium income is equal Options are 3800,2800,1800,4800. Don't copy previous question becuase it is wrong?
The table below provides income and consumption data in billions of dollars: Disposable Income Consumption Savings 100 80 --- 200 150 --- What is the level of consumption when income is $300 billion? A) $200 billion B) $240 billion C) $210 billion D) $60 billion
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