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Author Question: Suppose an economy has a government budget surplus of 100, net exports of -400, and a planned ... (Read 75 times)

JMatthes

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on: Jun 30, 2018
Suppose an economy has a government budget surplus of 100, net exports of -400, and a planned investment level of 1,000 . For this economy to be in equilibrium, saving must equal:
 a. 700.
  b. 500.
  c. 750.
  d. 250.
  e. 300.

Question 2

An increase in the price of ice cream would cause a decrease in the demand for ice cream and an increase in the demand for frozen yogurt, a substitute.
 a. True
  b. False
  Indicate whether the statement is true or false


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jaykayy05

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

a

Answer to Question 2

False


JMatthes

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Reply 2 on: Jun 30, 2018
Excellent

patma1981

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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