During LBJ’s war on poverty in the 1960’s, what was the economic conditions in the U.S. and what accounted for the conditions?
September 3, 2020
1) Highlight literature indicating use of behavioral strategies in decision making processes by CEO’s or Boards has made a differences in corporate…
September 3, 2020

Consider a closed economy to which the Keynesian-cross analysis applies as follows

C=300+0.5(Y-T)

T = 400

I = 400

G = 400

C = Consumption

T = Taxes

I = Planned Investment

G = Government Spending

Part 1: If y = 1500 what is planned spending?

Part 2: What is the value of inventory accumulation (use – symbol if negative)?

Part 3: What is Equilibrium Y?

Part 4: what is equilibrium consumption?

Part 5: What is private saving?

Part 6: What is public saving?

Part 7: What is national saving?

Part 8: if G is reduced to 200, how much does equilibrium income decrease (Use – for decrease)

Part 9: What is the multiplier for government spending?

KM
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