« previous next »

Author Question: When there is an inflationary gap: a. Real output exceeds the natural level of real output. b. ... (Read 127 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
on: Jun 30, 2018
When there is an inflationary gap:
 a. Real output exceeds the natural level of real output.
  b. Real output equals the natural level of real output.
 c. Real output is less than the natural level of real output.
  d. Any of the above is possible.

Question 2

Calculate the government spending multiplier if, an increase in government spending by 5 million increases real GDP by 25 million.
 a. 0.2
  b. 0.5
  c. 2
  d. 5
  e. 6


chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

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.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic. Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic.
The energy input and output of glycolysis. The energy input and output of glycolysis.
Activated Natural Killer Cell (NK Cell) Activated Natural Killer Cell (NK Cell)
Should we restore YellowstoneNationalPark, as our flagship National Park, to include the natural ... Should we restore YellowstoneNationalPark, as our flagship National Park, to include the natural ...
La Niña: The impact of natural cycles La Niña: The impact of natural cycles
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Video: Darwin's Observation (Fossils, Galapagos Islands & Africa ) and Natural Selection (Adaptive Traits)

For a complete list of videos, visit our video library