This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Decreasing government spending ________ the price level and ________ equilibrium real GDP. A) ... (Read 59 times)

darbym82

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
Decreasing government spending ________ the price level and ________ equilibrium real GDP.
 
  A) increases; increases B) decreases; increases
  C) increases; decreases D) decreases; decreases

Question 2

When Toyota introduced its 2010 Prius, it announced that the average retail price of the 2010 model would be lower than the average retail price was for the equivalent 2009 model. Which of the following would explain the price differential?
 
  A) The supply of the Prius had decreased, and the demand for the Prius remained unchanged.
  B) The demand for the Prius had increased, and the supply of the Prius remained unchanged.
  C) The demand for the Prius had decreased, and the supply of the Prius had increased.
  D) The demand for the Prius had increased, and the supply of the Prius had decreased.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amynguyen1221

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


darbym82

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
:D TYSM

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Kyoto Protocol encourages industry to innovate and reduce the level of emissions Kyoto Protocol encourages industry to innovate and reduce the level of emissions
Government By the People, 2016 Presidential Election, 26th Edition Government By the People, 2016 Presidential Election, 26th Edition
Please help me with a Real Estate Course Problem Please help me with a Real Estate Course Problem
Prove that each of the following real functions f has a discontinuity. For each function, ... Prove that each of the following real functions f has a discontinuity. For each function, ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
The Hardy–Weinberg Equilibrium The Hardy–Weinberg Equilibrium
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library