Equilibrium occurs at 22 Trillion dollars. The LRAS curve is at 18 T dollars. Full employment of the economy occurs at 18 T dollars. The MPS is equal to .25. Given this information, please answer the following questions. what is the mpc equal to

Assume in a private economy that the equilibrium level of income is $410 and the MPS is 0.25. Now suppose government collects taxes of $65 and spends the entire amount. Calculate the new equilibrium level of income.

If short-run equilibrium output equals 10,000, the income-expenditure multiplier equals 5, the MPC equals .8, and potential output (Y*) equals 9000, then taxes must ______ by ________ to eliminate any output gap.Group of answer choicesdecrease, 20increase, 200increase, 225increase, 250decrease, 200

If a $10b decrease in investment causes the economy’s equilibrium level of income to decrease from $300b to $200b, what is the value of the MPS?Select one:a.0.9b.0.1c.1.0d.$100b

The following table shows the relationship between income and consumption in an economy.Income (Y)(in billions of dollars)Consumption (C) (in billions of dollars)051011201730234029503560417047805390 59100 65Assume that investment (I) is $5 billion, government purchases (G) are $4 billion, and net exports (X) are $2 billion.What is the numerical value of the MPC (stated as a decimal)?MPC =

With an MPC of 0.6, the expenditures multiplier will be equal to