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Author Question: If the government purchases multiplier equals 2, and real GDP is 14 trillion with potential real GDP ... (Read 57 times)

rlane42

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on: Jun 29, 2018
If the government purchases multiplier equals 2, and real GDP is 14 trillion with potential real GDP 14.5 trillion, then government purchases would need to increase by ________ to restore the economy to potential real GDP.
 
  A) 7.25 trillion B) 1 trillion C) 500 billion D) 250 billion

Question 2

Refer to Table 9-17. Looking at the table above, real average hourly earnings between 2015 and 2016 changed by
 
  A) 1.2. B) 4.5. C) 9.9. D) 14.5.


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meganlapinski

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


rlane42

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Reply 2 on: Jun 29, 2018
Gracias!

FergA

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Reply 3 on: Yesterday
Excellent

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