Author Question: For the quantity exchanged in a market to remain the same, while the price increased, both supply ... (Read 58 times)

stevenposner

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For the quantity exchanged in a market to remain the same, while the price increased, both supply and demand would have to shift to the right.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If government increases its purchases by 20 billion and the MPC = 0.9, the resulting increase in the consumption component of AD is:
 a. 2 billion.
 b. 18 billion.
 c. 180 billion.
  d. 200 billion.



tandmlomax84

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Answer to Question 1

False

Answer to Question 2

c



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