This topic contains a solution. Click here to go to the answer

Author Question: When the price level ________, equilibrium expenditure ________ and the quantity of real GDP ... (Read 39 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
When the price level ________, equilibrium expenditure ________ and the quantity of real GDP demanded ________.
 
  A) rises; decreases; increases
  B) rises; increases; increases
  C) rises; increases; decreases
  D) falls; increases; decreases
  E) falls; increases; increases

Question 2

At the beginning of a recession, the expenditure multiplier
 
  A) offsets the initial cut in autonomous expenditure and slows the recession.
  B) has no effect on the recession.
  C) offsets the initial cut in autonomous expenditure and reverses the recession.
  D) reinforces the initial cut in autonomous expenditure and reverses the recession.
  E) reinforces the initial cut in autonomous expenditure and adds force to the recession.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maaaaaaaaaa

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

E

Answer to Question 2

E




newyorker26

  • Member
  • Posts: 536
Reply 2 on: Jun 29, 2018
Excellent


hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

For a complete list of videos, visit our video library