« previous next »

Author Question: The expenditure approach measures GDP by adding the spending of households, businesses, government, ... (Read 76 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jun 30, 2018
The expenditure approach measures GDP by adding the spending of households, businesses, government, and foreigners.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

According to Keynesian theory, if equilibrium real GDP is below the full-employment level, then an increase in aggregate demand will result in which of the following changes in equilibrium?
 a. Real GDP will rise, but the price level will remain constant.
  b. Real GDP and the price level will both rise.
  c. Real GDP will remain unchanged but the price level will rise.
  d. None of the above.


micaelaswann

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

(a) A turbidometry detector measures laser light directly across from the light source. The sample, ... (a) A turbidometry detector measures laser light directly across from the light source. The sample, ...
Top Eleven Countries in Year 2009 According to Three Different Measures Top Eleven Countries in Year 2009 According to Three Different Measures
Palpating the thyroid using a posterior approach Palpating the thyroid using a posterior approach
Child Development: A Topical Approach Child Development: A Topical Approach
American Government: Roots and Reform, 2009 Edition American Government: Roots and Reform, 2009 Edition
The TaqMan approach to quantitative real-time PCR (qPCR) The TaqMan approach to quantitative real-time PCR (qPCR)
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library