« previous next »

Author Question: When the economy is producing its potential output, an increase in government spending must ... (Read 152 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jun 30, 2018
When the economy is producing its potential output, an increase in government spending must necessarily reduce some component of private spending. This phenomenon is called
 
  A) the multiplier effect. B) entitlement spending.
  C) fiscal policy. D) crowding out.

Question 2

In September 2008, the MONTHLY rate of inflation in Zimbabwe approached 489 BILLION percent. An inflation rate such as this would
 
  A) be too high to calculate using the CPI. B) decrease the natural rate of unemployment.
  C) seriously disrupt normal commerce. D) all of the above.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


vickyvicksss

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

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.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

This chart illustrates the four quadrants in which we can place the relationships between the state This chart illustrates the four quadrants in which we can place the relationships between the state
Specific Drugs and their Potential for Dependence Specific Drugs and their Potential for Dependence
Membrane potential of a cell permeable to potassium only. Membrane potential of a cell permeable to potassium only.
The major cortical input and output pathways of the posterior parietal association cortex. Shown are ... The major cortical input and output pathways of the posterior parietal association cortex. Shown are ...
Movement of Sodium and Potassium Ions During the Action Potential Movement of Sodium and Potassium Ions During the Action Potential
The voltage-gated channel cycles during an action potential The voltage-gated channel cycles during an action potential
Video: Monohybrid crosses

For a complete list of videos, visit our video library