« previous next »

Author Question: If fiscal policy is used to close an expansionary gap, the _____. a. short-run aggregate supply ... (Read 93 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
on: Jun 30, 2018
If fiscal policy is used to close an expansionary gap, the _____.
 a. short-run aggregate supply curve shifts leftward and the price level falls
 b. short-run aggregate supply curve shifts rightward and the price level increases
  c. short-run aggregate supply curve shifts rightward and the price level falls
 d. aggregate demand curve shifts leftward and the price level falls
 e. aggregate demand curve shifts rightward and the price level falls

Question 2

If consumption = 5,000; investment = 800, government purchases = 700, exports = 30, imports = 60, and transfer payments = 340, then _____.
 a. GDP = 7,400
  b. GDP = 7,740
  c. GDP = 3,140
  d. GDP = 6,470
  e. GDP = 6,840


Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Aerial and close-up views of a large biodiversity experiment in Cedar Creek, Minnesota. Each of the Aerial and close-up views of a large biodiversity experiment in Cedar Creek, Minnesota. Each of the
Intussusception. A short length of small intestine has telescoped into itself. Intussusception. A short length of small intestine has telescoped into itself.
Distribution of Aggregate Mining Distribution of Aggregate Mining
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Close-up view of Pluto's mountains, frozen plains and hazes Close-up view of Pluto's mountains, frozen plains and hazes
Close-up view of a diaphragm amplifier on the left and a bell amplifier on the right Close-up view of a diaphragm amplifier on the left and a bell amplifier on the right
Video: Aneurysm

For a complete list of videos, visit our video library