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

Author Question: If the quantity of a good exchanged increased, a. It would also increase the price if it was caused ... (Read 26 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

C.mcnichol98

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Sportsfan2111

  • Member
  • Posts: 585
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Good hand and body mechanics when applying thumb pressure to the back. Good hand and body mechanics when applying thumb pressure to the back.
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
The Fukushima disaster in Japan caused many governments to rethink their commitment to nuclear power The Fukushima disaster in Japan caused many governments to rethink their commitment to nuclear power
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Electrical Conduction System of the Heart

For a complete list of videos, visit our video library