Answer the Following Questions Using the Aggregate Expenditures Model of the Economy

question 7

Essay

Answer the following questions using the aggregate expenditures model of the economy described below.
C = 90 + .7Y_d
T = 50 + .2Y
I_a = 36
G_a = 45
X_a = 62
M = .16Y
(a)What are the marginal propensity to consume,the marginal tax rate,and the marginal propensity to import?
(b)What is the saving function? What is the marginal propensity to save?
(c)What is the aggregate expenditure function? What is autonomous expenditure? What is the marginal propensity to withdraw?
(d)What is the equilibrium level of real GDP?
(e)What is the size of the multiplier?
(f)Suppose the full employment level of real GDP is $350.Does a recessionary gap or an inflationary gap exist? How can the government eliminate the gap by altering government expenditures?

---

Definitions:

Pueblo Gender Roles

Traditional roles and responsibilities assigned to men and women within Pueblo societies, often centered around family, religious ceremonies, and agriculture.

Spiritual Conquest

Refers to the process of religious conversion and implementation of Christianity, especially by European missionaries in the Americas during colonial times.

Religious Conflict

Disputes or conflicts between groups or individuals based on religious beliefs and practices.

Colonization

The act of establishing control over a territory by a foreign power, often involving the subjugation and exploitation of the indigenous population.