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Author Question: What is the relationship between the slope of the aggregate expenditure curve and the expenditure ... (Read 40 times)

MGLQZ

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on: Jun 29, 2018
What is the relationship between the slope of the aggregate expenditure curve and the expenditure multiplier?
 
  What will be an ideal response?

Question 2

Moving along the short-run Phillips curve, a ________ unemployment rate can only be achieved by paying the cost of ________.
 
  A) lower; a lower inflation rate
  B) lower; a lower price level
  C) lower; a higher expected inflation rate
  D) lower; a higher inflation rate
  E) higher; a higher inflation rate


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princessflame2016

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The expenditure multiplier equals . This relationship exists regardless of the existence or absence of imports or income taxes.

Answer to Question 2

D


MGLQZ

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

tandmlomax84

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Reply 3 on: Yesterday
Wow, this really help

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