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Author Question: The business cycle is the periodic but recurrent fluctuations in real GDP. a. True b. False ... (Read 63 times)

futuristic

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on: Jun 30, 2018
The business cycle is the periodic but recurrent fluctuations in real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Suppose inflation is a threat because the current aggregate demand curve will increase by 600 billion at any price level. If the marginal propensity to consume is 0.75, federal policymakers can follow Keynesian economics and restrain inflation by:
 a. decreasing tax revenues by 600 billion.
  b. decreasing government spending by 200 billion.
  c. increasing tax revenues by 200 billion.
  d. increasing government purchases by 150 billion.


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JCABRERA33

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

True

Answer to Question 2

c


futuristic

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

abro1885

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

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