Author Question: In the above figure, the aggregate demand curve is AD2, so the long-run equilibrium level of real ... (Read 104 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
In the above figure, the aggregate demand curve is AD2, so the long-run equilibrium level of real GDP is
 
  A) 16 trillion.
  B) 16.5 trillion.
  C) more than 16 and less than 16.5 trillion.
  D) None of the above answers is correct.

Question 2

Suppose U.S. net exports are -400 billion and the U.S. government sector surplus is 200 billion. Then in the private sector, saving minus investment equals
 
  A) -600 billion.
  B) -200 billion.
  C) +600 billion.
  D) +200 billion.



ricroger

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

For a complete list of videos, visit our video library