This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A surplus exists in a market if a. there is an excess demand for the good. b. quantity demanded ... (Read 32 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
A surplus exists in a market if
 a. there is an excess demand for the good.
 b. quantity demanded exceeds quantity supplied.
  c. the current price is above its equilibrium price.
  d. All of the above are correct.

Question 2

If government spending increased by 50 billion and the MPC within the economy was 0.8, what would be the total impact on real GDP?
 a. 62.5 billion decrease
  b. 62.5 billion increase
  c. 250 billion decrease
  d. 250 billion increase


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asdfghjkl;

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


corkyiscool3328

  • Member
  • Posts: 539
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

kalskdjl1212

  • Member
  • Posts: 353
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

onions taste good onions taste good
A good Mnemonic to know Mg K Ca Na A good Mnemonic to know Mg K Ca Na
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Carrots are a good source of vitamin A Carrots are a good source of vitamin A
Stock Market Question Stock Market Question
US federal budget deficit/surplus and debt US federal budget deficit/surplus and debt
Video: What are Strong & Weak Acids and How they're different?

For a complete list of videos, visit our video library