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

Author Question: If the AD curve shifts rightward, then A) both the price level and real GDP will decrease. B) ... (Read 139 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
If the AD curve shifts rightward, then
 
  A) both the price level and real GDP will decrease.
  B) both the price level and real GDP will increase.
  C) the price level will increase, but no change will occur in real GDP.
  D) the price level will not change, but real GDP will increase.
  E) potential GDP increases.

Question 2

The quantity of money is 1 billion, the price level is 1.10, and real GDP is 10 billion. What is the velocity of money?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

The velocity of money equals 11.


imanialler

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Energy Level Diagram of Hydrogen Energy Level Diagram of Hydrogen
The structure of skin (a) and epidermis (b) at the microscopic level. The structure of skin (a) and epidermis (b) at the microscopic level.
Level II HCPCs Codes Cont. Level II HCPCs Codes Cont.
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
An Environmental Kuznets Curve An Environmental Kuznets Curve
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library