« previous next »

Author Question: In the classical model A) a decrease in aggregate demand will lead to a decrease in the price ... (Read 264 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
In the classical model
 
  A) a decrease in aggregate demand will lead to a decrease in the price level and a decrease in real GDP.
  B) changes in aggregate supply leave real GDP unchanged.
  C) a decrease in aggregate demand will lead to an increase in the price level and a decrease in real GDP.
  D) changes in aggregate demand affect only the price level, not real GDP.

Question 2

A 5 percent tax is going to be applied to a 100,000 tax base. What can be said about the revenue collected assuming dynamic tax analysis?
 
  A) The total revenue will be zero.
  B) The total revenue will be between 0 and 5,000.
  C) The total revenue will be 5,000.
  D) There is not enough information to determine what revenues will equal.


phuda

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

burton19126

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jun 29, 2018
Thank you


phuda

  • Sr. Member
  • ****
  • Posts: 348
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

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.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Media Practice Model Media Practice Model
Model of malaria protozoa in a red blood cell. New parasites are produced and mature in the RBC, ... Model of malaria protozoa in a red blood cell. New parasites are produced and mature in the RBC, ...
A general model of the sensorimotor system. Notice its hierarchical structure, functional ... A general model of the sensorimotor system. Notice its hierarchical structure, functional ...
A Simplified Model of Information Flow in Human Memory A Simplified Model of Information Flow in Human Memory
A model for formation of a minimal preinitiation complex (PIC) for pol II on a TATA promoter A model for formation of a minimal preinitiation complex (PIC) for pol II on a TATA promoter
Classical Conditioning and Food Classical Conditioning and Food
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library