Written Assignment
Due to the post pandemic changing scenario there is an economic slowdown, and the only solution is to boost the economy by infusion. The federal government decided to infuse $ 400000 into the economy for a period of time and see the rolling effect. Calculate the multiplier effect and find out the real GDP change if the multiple propensities to consume is 0.6?
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Chapter 22: Aggregate Demand and Aggregate Supply which can be downloaded here:
Principles of Economics Chapter 22
Please read the chapter entirely. It is usually a good idea to take good notes while reading for later review or discussion. You may also want to keep any questions in mind you want to ask your instructor. Skimming the material only will result in confusion; therefore, it is in your own best interest to read the text carefully and with attention. To test your understanding of the material, please refer to the learning objectives at the beginning of the chapter and see if you can answer them without going back to the material. If not, please consider going back to the reading material to review as appropriate.
Video Resources
Khan Academy. (2012, March 1). Aggregate demand | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy [Video]. YouTube.
Khan Academy. (2012, March 2). Long-run aggregate supply | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy [Video]. YouTube.
Khan Academy. (2012, March 5). Short run aggregate supply | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy [Video]. YouTube.
Khan Academy. (2018, February 23). Short run and long run equilibrium and the business cycle | AP Macroeconomics | Khan Academy [Video]. YouTube.
Chapter 22: Aggregate Demand and Aggregate Supply which can be downloaded here:
Principles of Economics Chapter 22
Please read the chapter entirely. It is usually a good idea to take good notes while reading for later review or discussion. You may also want to keep any questions in mind you want to ask your instructor. Skimming the material only will result in confusion; therefore, it is in your own best interest to read the text carefully and with attention. To test your understanding of the material, please refer to the learning objectives at the beginning of the chapter and see if you can answer them without going back to the material. If not, please consider going back to the reading material to review as appropriate.
Video Resources
Khan Academy. (2012, March 1). Aggregate demand | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy [Video]. YouTube.
Khan Academy. (2012, March 2). Long-run aggregate supply | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy [Video]. YouTube.
Khan Academy. (2012, March 5). Short run aggregate supply | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy [Video]. YouTube.
Khan Academy. (2018, February 23). Short run and long run equilibrium and the business cycle | AP Macroeconomics | Khan Academy [Video]. YouTube.
