Answer: $535,500. $15,000 times .02 (2%) is 300. $15,000 plus 300 is $15,300. $15,300 times 35 is $535,500
In an economy, the government wants to increase aggregate demand by $50 billion at each price level to increase real GDP and reduce unemployment. If the MPC is 0.6, then it would increase government purchases by
$10 billion.
$20 billion.
$31.25 billion.
$40.50 billion.
If the reserve requirement is 20% and commercial bankers decide to hold additional excess reserves equal to 5% of any newly acquired checkable deposits, then the effective monetary multiplier for the banking system will be
3. or
4.or
5.or
6.
The correct answer is A = 110, B= 40, C=20..
<u>Explanation</u>
If A+B-C= 170 and B+C-A=130 ,
=C+A = 130
or, C= 130- A
Again, A+B-C =170
or, A+B =170+C
A+B = 170+130-A ( c=130-A)
A+B = 300-A
2A+B = 300
A+B= 300/2
A+B = 150
A+B-C= 170
A+B = 170+C
150 = 170 +C ( A+B = 150)
or, C = 20..............................(1.)
A+C =130
or,A+ 20= 130 ( A=110).....................(2)
A+B = 150
110+B= 150
B = 150-110
B= 40..........................................(3)
Therefore, A = 110, B= 40, C=20..
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