How large must change in autonomous expenditure have been

Reference no: EM131023367

If the multiplier had a value of 4 in 1929, how large must the change in autonomous expenditure have been to have caused the decline in real GDP between 1929 and 1933 shown in the table on page 763? If the multiplier had a value of 2, how large must the change in autonomous expenditure have been?

Reference no: EM131023367

Questions Cloud

Show that e is a closed subspace of r^n : Let A be a real n x n matrix. Show that a linear subspace E of R^n is A-invariant if and only if E is e^{tA} -invariant for all t in R, where e^{tA} is the exponential matrix associated to A.

The cash collection on december : Chen Inc. accepted a two-year noninterest-bearing note for $605,000 on January 1, 2016. The note was accepted as payment for merchandise with a fair value of $500,000. The effective interest rate is 10%.

In a steady state with no population growth : Wage rigidity occurs when the real wage fails to adjust to the level at which labor supply equals labor demand - higher wages make workers more productive for all of the reasons EXCEPT higher wages

Specify the quadrature points and the summation weights : Build a 25- point numerical integration scheme based on 5- point Gaussian quadrature in the x and y directions. Specify the quadrature points and the summation weights.

How large must change in autonomous expenditure have been : If the multiplier had a value of 4 in 1929, how large must the change in autonomous expenditure have been to have caused the decline in real GDP between 1929 and 1933 shown in the table on page 763? If the multiplier had a value of 2, how large mu..

Construct and solve a linear system of two equations : Using that information, construct but do not solve a linear system of equations that determines how much of each item a person would need to consume to achieve the recommended daily values of each nutrient.

Chez fred bakery estimates the allowance for uncollectible : What was the balance of accounts receivable on January 1, 2016, if $180 in accounts receivable were written off during 2016 and if the allowance account had a balance of $930 on December 31, 2016?

The real exchange rate of the u.s. dollar increases : With a constant world interest rate, full employment, and an initial trade surplus of zero, a tax cut in a small open economy.

Introduction of new model of macbook air : The new model had a faster processor and much better battery life than the previous model, but sold for the same price. How was the CPI affected by the introduction of the new model of the MacBook Air?

User Account

All Pages