3 Macroeconomics LESSON 1 ACTIVITY 21 Answer Key UNIT ... 30 8. If there is an increase in taxes of $200 in Econoland, the decrease in GDP will be (A)...
3 Macroeconomics LESSON 3 ACTIVITY 23 Answer Key UNIT 3. In what ways do the reasons that explain the downward slope of the AD curve differ from the rea-
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$0.30 per Greebe, suppliers would be willing to offer 250 million Greebes. Such a change would ... 1 Macroeconomics LESSON 3 ACTIVITY 6 Answer Key UNIT
3 Macroeconomics LESSON 8 ACTIVITY 30 Answer Key UNIT Part B Test your understanding of fiscal policy by completing the table in Figure 30.1. Your choices for each
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Venatio II p.150 Lines 1-5 Then Phomio led us to the _____ of the _____ where the small boats, which he _____, were tied up. After we boarded the
Top Notch 3, Second Edition. Unit 3. Note: In communicative exercises where several answers are possible, this answer key contains some examples of correct answers, not all possible answers. Any valid answer in this type of exercise should be conside
MacroeconomicsLESSON 8 ACTIVITY 32 (continued) UNIT P1 P LRAS Y REAL GDP P R I C E L E V E L Y* SRAS AD P2 Figure 32.2 Diagram of a Persistent Gap. Chapter 29
Macroeconomics LESSON 6 ACTIVITY 27 UNIT Activity written by Robert Nuxoll, Oceanside High School, Oceanside, N.Y. REAL GDP P R I C E L E V E L AD REAL GDP P R I C E
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Macroeconomics LESSON 6 ACTIVITY 28 UNIT Activity written by Rae Jean B. Goodman, U.S. Naval Academy, Annapolis, Md. Part B was written by Robert Nuxoll, Oceanside High
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Top Notch 1, Second Edition. Unit 3. Workbook Answer Key. UNIT 3. Exercise 1. Family relationships. Words for males Words for females. Words for males and females son father grandfather husband uncle father-in-law brother-in-law brother nephew daught
UNIT
3 Macroeconomics
LESSON 1 ■ ACTIVITY 21
Answer Key
The King took the treatise and had it printed for every islander. He then ordered the old professor to make up a series of questions to see if the subjects understood the multiplier. Answer the questions on the professor’s test.
The Econoland Test 1. What is the value of the tax multiplier if the MPC is 0.80?
–4
2. What is the value of the government spending multiplier if the MPC is 0.67? 3. What is the tax multiplier if the MPS is 0.25?
3
–3
4. How could the multiplier be used to explain wide swings in income (which could be called business cycles) in Econoland? Small changes in expenditure are magnified by the multiplier effect.
5. The numerical value for the investment and government spending multiplier increases as the (A) value of the marginal propensity to save decreases. (B) value of the average propensity to consume increases. (C) value of the marginal propensity to consume decreases. (D) value of the marginal propensity to save increases. (E) value of the average propensity to consume decreases. 6. If the government spending multiplier is 5 in Econoland, the value of the tax multiplier must be (A) 5 (B) 4 (C) 1 (D) – 4 (E) –5
Econoland has the following values for income and consumption. Use this data to answer questions 7, 8 and 9. Income 100 200 300 400 500 600
Consumption 150 225 300 375 450 525
7. The government spending multiplier in Econoland is (A) 3 (B) 4 (C) 5 (D) 10 (E) 30 8. If there is an increase in taxes of $200 in Econoland, the decrease in GDP will be (A) $100 (B) $200 (C) $400 (D) $600 (E) $800 9. If there is an increase in government spending of $100 and an increase in taxes of $100 in Econoland, then the change in GDP will be (A) $50 (B) $100 (C) $200 (D) –$100 (E) –$200 10. Why do the people of Econoland need to understand multipliers? Understanding multipliers allows people to understand the impact of fiscal policy and changes in autonomous components of consumption, investment and government spending on total income.
