As an elected official, you have been informed that real GDP is below its potential and that action should be taken to encourage
economic growth and bring the economy to its long-run equilibrium. The marginal propensity to consume is 0.7, and the amount of new
government spending is $600 billion.
What is the multiplier? Compute this to the first place beyond the decimal.

step-by-step explanation:

the original amount doesn't ''re just looking for the time it takes for 1/2 of the substance to we have

(1/2) =)     take the ln   of both sides

ln (1/2)   = )   and we can write

ln(1/2) = ) lne     and lne   = 1     so we have

ln(1/2) = -.1092t     divide both sides by -.1092

t = ln(1/2)/-.1092 = about 6.347 days = about 6.3 days (rounded)

the answer is c

step-by-step explanation: i took a test with this question on it

they r 125, and 216

so the sequence goes 1,8,27,64,125,216

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