Portion of Planned Aggregate Expenditure
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Portion of Planned Aggregate Expenditure
_______________________expenditure is the portion of planned aggregate expenditure that is dependent
_______________________expenditure is the portion of planned
aggregate expenditure that is dependent upon the level of output.
_______________________expenditure is the portion of planned
aggregate expenditure that is independent of outputnominal;real
deflated;inflated
induced;autonomous
normative;positive
In Econland autonomous consumption equals 700, the marginal
propensity to consume equals 0.80, net taxes are fixed at 50, planned
investment is fixed at 100, government purchases are fixed at 100, and net
exports are fixed at 40. Autonomous expenditure equals:990
940
900
850
In the short run with predetermined prices, when output is greater
than planned aggregate expenditure:, Which of the following is NOT true:planned investment is less than actual investment
firms will reduce production
inventories will increase
planned investment is greater than actual investment
If Planned Aggregate
Expenditures (PAE) are less than Potential Output, then the economy has a
_________________
If Planned Aggregate expenditures
(PAE) are greater than Potential Output, then the economy has a
_______________a recessionary gap; an expansionary gap
an expansionary gap;a recessionary gap
a recessionary gap; no output gap
an expansionary gap;no output gap
The effect of a
one-unit increase in autonomous expenditure on short-run equilibrium output
is called______________; which leads to greater than one-for-one changes in
output for each one-unit increase in autonomous expenditure because ______________income-expenditure multiplier;one person’s additional spending becomes another person’s
additional income that will generate additional spendingincome-expenditure multiplier;autonomous
spending supports more output than induced spendingincome-expendituremultiplier;multiple
deposits are generated when new reserves are produced through fractional
reserve banking.the marginal propensity to consume;one person’s additional
spending becomes another person’s additional income that will generate
additional spendingFiscal actions to close recessionary gaps in order to
increase potential output include all of the following EXCEPT:increase government spending
decrease income taxes
increase transfer payments, such as unemployment insurance
increase marginal propensity to consume
2 points
Question
11
If short-run equilibrium output equals 20,000 and potential
output (Y*) equals 25,000, then this economy has a(n) ______ gap
that can be closed by _________.recessionary gap;increasinggoverment expenditures
recessionary gap;increasing taxes
expansionary gap;increasing government expenditures
expansionary gap;decreasing taxes
Portion of Planned Aggregate Expenditure
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). 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