« previous next »

Author Question: The principle of voluntary exchange is the concept that a voluntary exchange between two people ... (Read 85 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
The principle of voluntary exchange is the concept that a voluntary exchange between two people makes both people better off.
 
  Indicate whether the statement is true or false

Question 2

Suppose government spending decreases by 100 billion and the marginal propensity to consume (MPC) is 0.8. Given this information, this decrease in government spending will cause a(n)
 
  A) increase in equilibrium real GDP equal to 500 billion.
  B) increase in equilibrium real GDP equal to 800 billion.
  C) decrease in equilibrium real GDP equal to 800 billion.
  D) decrease in equilibrium real GDP equal to 500 billion.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


mtmmmmmk

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Gas exchange Gas exchange
The social movement that centers on the environment has become global. In all nations, people are ... The social movement that centers on the environment has become global. In all nations, people are ...
People who share genes will often have similar body weights People who share genes will often have similar body weights
The respiratory system and the process of gas exchange The respiratory system and the process of gas exchange
The Principle of Falsifiability The Principle of Falsifiability
Physics - Density, Pressure, and Pascal's Principle Physics - Density, Pressure, and Pascal's Principle
Video: Magnetic resonance imaging (MRI)

For a complete list of videos, visit our video library