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Author Question: If the quantity of a good exchanged increased, a. It would also increase the price if it was caused ... (Read 40 times)

Sportsfan2111

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on: Jun 30, 2018
If the quantity of a good exchanged increased,
 a. It would also increase the price if it was caused by a shift in demand.
 b. It would also increase the price if it was caused by a shift in supply.
 c. We would not know how price would change if we didn't know whether it was due a shift in demand or a shift in supply.
  d. Answers a. and c. would both be true.

Question 2

If the MPC = 3/4, an increase in government purchases of 40 billion will ultimately lead to:
 a. a 160 billion increase in aggregate demand.
  b. a 40 billion increase in aggregate demand.
  c. a 30 billion increase in aggregate demand.
  d. a 30 billion decrease in aggregate demand.


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C.mcnichol98

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Sportsfan2111

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bdobbins

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

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