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

Author Question: Within the framework of the aggregate expenditures model, what will happen if an economy is ... (Read 27 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
Within the framework of the aggregate expenditures model, what will happen if an economy is operating at a real GDP greater than full-employment real GDP?
 a. An inflationary gap exists.
  b. Real GDP will fall.
  c. The inventories of firms will rise.
  d. Firms will cut back on their current rate of output.

Question 2

M1 is actually a smaller amount than M2.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

komodo7

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


vicky

  • Member
  • Posts: 586
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Lung Model Lung Model
Health Belief Model Health Belief Model
Model of transporter passage through an NPC Model of transporter passage through an NPC
A summary model of the regulation of gonadal hormones. A summary model of the regulation of gonadal hormones.
Current Geopolitical Framework Current Geopolitical Framework
A three-dimensional model of transfer RNA A three-dimensional model of transfer RNA
Video: Muscle cell structures - actin, myosin and titin filaments

For a complete list of videos, visit our video library