The u. s. economy slowed significantly in early 2008, and policy makers were extremely concerned about growth. to boost the economy, congress passed several relief packages (the economic stimulus act of 2008 and the american recovery and reinvestment act of 2009) that combined would deliver about $700 billion in government spending. assume, for the sake of argument, that this spending was in the form of payments made directly to consumers. the objective was to boost the economy by increasing the disposable income of american consumers. a. calculate the initial change in aggregate consumer spending as a consequence of this policy measure if the marginal propensity to consume (mpc) in the united states is 0.5. then calculate the resulting change in real gdp arising from the $700 billion in payments.

Calculate the proportion of the package that would be really transferred to consumers, by using the MPC. So, you proceed to divide the change in disposable income (700 million) between the MPC, to measure the change in the consume. Then, this will be the change in the real GDP.

So.

ΔC=700/0.5

ΔC= 1,400

Explanation:

Change in real GDP, under this assumption would be of 1,400 millions ceteris paribus.

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dylan has written many enduring songs and he has received several awards for his musical achievement;  

any written work with artistic value can be considered literature; especially if such work is publicly recognized, and has had importance and endurance among people; whether is poetry or fiction or drama or even criticism, since it's the transcendence and representation of a culture, language or people in a period of time to more people, using letters (words), regardless the subject.

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