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Answer 42,43,44
Question: Drake had hours cut from his job so that his disposable income decreased from $40,000/yr to $28 0...

Show transcribed image text Drake had hours cut from his job so that his disposable income decreased from $40,000/yr to $28 000/yr. His consumption dropped from $30.000/yr. Calculate his MPS. If real GDP decreased by $54 billion and the multiplier is 3, find the change in AD. Find the multiplier if a $600,000 decrease in consumer spending resulted in a $2.4 million decrease in real GDP.

Drake had hours cut from his job so that his disposable income decreased from $40,000/yr to $28 000/yr. His consumption dropped from $30.000/yr. Calculate his MPS. If real GDP decreased by $54 billion and the multiplier is 3, find the change in AD. Find the multiplier if a $600,000 decrease in consumer spending resulted in a $2.4 million decrease in real GDP.