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Author Question: For each one dollar increase in real GDP, aggregate planned expenditure A) increases by less than ... (Read 74 times)

a0266361136

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on: Jun 29, 2018
For each one dollar increase in real GDP, aggregate planned expenditure
 
  A) increases by less than a dollar.
  B) increases only if autonomous expenditure increases.
  C) increases by one dollar.
  D) increases by more than a dollar.
  E) is unaffected.

Question 2

Suppose chickens and beef cattle are produced by different companies on different sites.
 
  If bad weather causes an increase in the price of hay, a food eaten by beef cattle but not by chickens, the equilibrium price of beef will ________, and the equilibrium price of chicken will ________.
  A) stay the same; increase
  B) increase; decrease
  C) decrease; increase
  D) increase; increase
  E) decrease; decrease


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wtf444

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

A

Answer to Question 2

D


a0266361136

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

okolip

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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