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

Author Question: If government spending in a country declines by 10 billion and, at the same time, taxes increase by ... (Read 19 times)

segrsyd

  • Hero Member
  • *****
  • Posts: 530
on: Jun 30, 2018
If government spending in a country declines by 10 billion and, at the same time, taxes increase by an equal amount, what is the total effect in the economy?
 a. Equilibrium real GDP increases
  b. Equilibrium real GDP increases by 20 billion
  c. Equilibrium real GDP is unchanged
  d. Equilibrium real GDP decreases by more than 10 billion and less than 20 billion
  e. Equilibrium real GDP decreases by more than 20 billion

Question 2

A supply schedule shows:
 a. projected sales as ad spending varies.
 b. how many units producers are willing and able to sell at various prices.
  c. possible combinations of output as input prices vary.
 d. how many units consumers would like to buy at various prices.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

beccamahon

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


segrsyd

  • Member
  • Posts: 530
Reply 2 on: Jun 30, 2018
Wow, this really help

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

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?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
For a time Dr. Seuss—Theodor Seuss Geisel—drew political cartoons. This one, published in ... For a time Dr. Seuss—Theodor Seuss Geisel—drew political cartoons. This one, published in ...
How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ... How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ...
Increase in rainfall on continents Increase in rainfall on continents
Time-of-entry mapping Time-of-entry mapping
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library