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Author Question: The equilibrium level of real GDP is 1,000 . the target full-employment level of real GDP is 1,500, ... (Read 99 times)

folubunmi

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on: Jun 30, 2018
The equilibrium level of real GDP is 1,000 . the target full-employment level of real GDP is 1,500, and the marginal propensity to consume is 0.75 . The target can be reached if government spending is:
 a. increased by 100 billion.
  b. increased by 125 billion.
  c. increased by 500 billion.
  d. held constant.

Question 2

Money is said to be liquid because it is immediately available to spend for goods.
 a. True
  b. False
  Indicate whether the statement is true or false


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cuttiesgirl16

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

b

Answer to Question 2

True


folubunmi

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

amit

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Reply 3 on: Yesterday
Gracias!

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