Macroeconomics

‭Review Quiz Answers‬ ‭1.‬ ‭B‬ ‭2.‬ ‭C‬ ‭3.‬ ‭A‬ ‭4.‬ ‭A‬ ‭5.‬ ‭C‬ ‭6.‬ ‭D‬ ‭7.‬ ‭B‬ ‭8.‬ ‭A‬ ‭9.‬ ‭C‬ ‭10.‬ ‭D‬ ‭Checkpoint Quiz Answers‬ ‭Checkpoint Quiz 1:‬ ‭Multiplier =‬ ‭or‬

‭→‬ ‭1‬ ‭1‬‭‬−‭‬‭ ‬ ‭ ‭1‬ ‬ ‭0‭1‬. ‭2‬ ‬ ‭Final‬ ‭impact‬ ‭on‬ ‭GDP‬ ‭=‬ ‭5‬ ‭×‬ ‭$2‬ ‭billion‬‭=‬‭$10‬‭billion.‬‭Since‬‭a‬‭decrease‬‭in‬‭investment‬‭reduces‬‭GDP,‬‭a‬‭$2‬ ‭billion‬‭decrease‬‭in‬‭investment‬‭will‬‭reduce‬‭GDP‬‭by‬‭$10‬‭billion;‬‭therefore,‬‭GDP‬‭will‬‭become‬‭$20‬‭billion‬‭−‬ ‭$10 billion = $10 billion.‬ ‭= 5.‬

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