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Author Question: Refer to Table 11.1. What is the equilibrium level of output, y? A) 1,775 B) 2,375 C) 7,100 D) ... (Read 63 times)

jasdeep_brar

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on: Jun 30, 2018
Refer to Table 11.1. What is the equilibrium level of output, y?
 
  A) 1,775 B) 2,375 C) 7,100 D) 9,500

Question 2

Trade deficits always lead to future decreases in consumption if the trade deficits
 
  A) support current investment.
  B) support current consumption.
  C) require borrowing from abroad.
  D) support either current investment or current consumption.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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yifu223

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


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