In Econland,the Components of Planned Aggregate Expenditure Are Given By

question 70

Multiple Choice

In Econland,the components of planned aggregate expenditure are given by:
C = 500 + 0.75(Y - T) - 500r
I = 300 - 500r
G = 400
NX = 30
If potential output equals 4,520,net taxes equal 40 and the central bank sets the interest rate at 0.05 (5%) ,then at the short-run equilibrium,there is a(n) _______ gap of _______.

• A) expansionary;40
• B) expansionary;80
• C) recessionary;100
• D) recessionary;80
• E) recessionary;40

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A parameter quantifying the divergence or scattering of data points in a dataset, reflecting the distance of these points from the average.

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Standard Deviation

An indicator that quantifies the spread or diversity among data set values, showing the degree to which these values deviate from the average.