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Congratulations You ve been appointed economic adviser to Happyland Your research assistant says the country s mpe is 8 and autonomous expenditures have just risen by $20 What will happen to

Congratulations. You ve been appointed economic adviser to Happyland. Your research assistant says the country s mpe is .8 and autonomous expenditures have just risen by $20. a. What will happen to income? b. Your research assistant comes in and says he s sorry but the mpe wasn t .8; it was .5. How does your answer change? c. He runs in again and says exports have fallen by $10 and investment has risen by $10. How does your answer change? d. You now have to present your analysis to the president, who wants to see it all graphically. Naturally you oblige.

May 26 2020 View more View Less

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