Recent content by Addison O

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    Economics Help, Please and Thank you!?

    According to Keynesians, if there is a recessionary gap in the U.S., assuming the MPC = .8 and initial GDP = $13T, assuming no effect on the price level, what will be the effect on GDP of an expansionary policy stimulus package of 200B? A. New GDP = $12T B. New GDP = $14T...
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    Economics GDP and MPC Calculations?

    If the MPC is .8 and GDP = 8,000 B, a $200 Billion drop in the value of stocks will shift AD left by _________ (assuming no change in the Price Level) A. $200B B. $1T ($1000B) C. $100B D. $5B Thank you in advanced!
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