« previous next »

Author Question: In the above figure, the economy is at point A when changes occur. If the new equilibrium has a ... (Read 82 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 29, 2018
In the above figure, the economy is at point A when changes occur. If the new equilibrium has a price level of 100 and real GDP of 17.0 trillion, then it must be the case that
 
  A) aggregate demand has decreased.
  B) aggregate supply has decreased.
  C) aggregate demand has increased.
  D) aggregate supply has increased.

Question 2

Using the data in the above table, suppose imports equal 250 billion and investment equals 1,000 billion. Hence government expenditure equals
 
  A) 1,000 billion.
  B) 750 billion.
  C) 500 billion.
  D) 250 billion.


Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
Male tule elk in Point Reyes Male tule elk in Point Reyes
Hyperopia (farsightedness). In the uncorrected top figure, the image would come into focus behind th Hyperopia (farsightedness). In the uncorrected top figure, the image would come into focus behind th
Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
POWER POINT PRESENTATION logo POWER POINT PRESENTATION logo
The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C? The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C?
Video: Role of complement proteins

For a complete list of videos, visit our video library