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Author Question: An increase in the price level will: a. increase the quantity of RGDP supplied, but not increase ... (Read 132 times)

audragclark

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on: Jun 30, 2018
An increase in the price level will:
 a. increase the quantity of RGDP supplied, but not increase short-run aggregate supply.
  b. decrease the quantity of RGDP supplied, but not decrease short-run aggregate supply.
  c. increase short-run aggregate supply.
 d. decrease short-run aggregate supply.

Question 2

Given a constant GDP gap, the higher the spending multiplier, the smaller will be the recessionary gap.
 a. True
  b. False
  Indicate whether the statement is true or false


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poopface

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

a

Answer to Question 2

True


audragclark

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

chereeb

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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