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

Author Question: When there is an excess quantity supplied of a product at the current price, then: a. the market ... (Read 26 times)

amal

  • Hero Member
  • *****
  • Posts: 572
on: Jun 30, 2018
When there is an excess quantity supplied of a product at the current price, then:
 a. the market price must be below equilibrium price.
 b. the quantity demanded is greater than the equilibrium quantity.
  c. the market price will tend to rise.
 d. the market price will tend to fall.

Question 2

If government spending increased by 200 billion and the MPC within the economy was 0.9, what would be the total impact on real GDP?
 a. 180 billion increase
  b. 222 billion increase
  c. 380 billion increase
  d. 2.0 trillion increase


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hollysheppard095

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


amal

  • Member
  • Posts: 572
Reply 2 on: Jun 30, 2018
Excellent

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
A mobile weather station that can be used to gather current weather data at the scene of hazardous ... A mobile weather station that can be used to gather current weather data at the scene of hazardous ...
What is the current flowing through the resistor? What is the current flowing through the resistor?
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library