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

Author Question: If the price level falls as real GDP decreases, the multiplier effects of any given change in ... (Read 65 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
on: Jun 30, 2018
If the price level falls as real GDP decreases, the multiplier effects of any given change in aggregate expenditures are smaller than they would be if the price level remained constant.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If bad weather destroyed half of the current coffee crop, ceteris paribus, it would:
 a. increase the demand for coffee.
  b. decrease the demand for coffee.
  c. increase the demand for tea.
 d. decrease the demand for tea.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


Sportsfan2111

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

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

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?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Effects of Immobility Effects of Immobility
Fires Commonly Are Major Secondary Effects Fires Commonly Are Major Secondary Effects
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Effects of PYY on Activity of the Hypothalamus and OFC Effects of PYY on Activity of the Hypothalamus and OFC
Upper-Level Maps Upper-Level Maps
The roots of climate change The roots of climate change
Video: Muscular Dystrophy

For a complete list of videos, visit our video library