Author Question: For the quantity exchanged in a market to remain the same, while the price increased, both supply ... (Read 73 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
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

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

False

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

For a complete list of videos, visit our video library