« previous next »

Author Question: In the classical model A) a decrease in aggregate demand will lead to a decrease in the price ... (Read 249 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
In the classical model
 
  A) a decrease in aggregate demand will lead to a decrease in the price level and a decrease in real GDP.
  B) changes in aggregate supply leave real GDP unchanged.
  C) a decrease in aggregate demand will lead to an increase in the price level and a decrease in real GDP.
  D) changes in aggregate demand affect only the price level, not real GDP.

Question 2

A 5 percent tax is going to be applied to a 100,000 tax base. What can be said about the revenue collected assuming dynamic tax analysis?
 
  A) The total revenue will be zero.
  B) The total revenue will be between 0 and 5,000.
  C) The total revenue will be 5,000.
  D) There is not enough information to determine what revenues will equal.


phuda

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

burton19126

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jun 29, 2018
Thank you


phuda

  • Sr. Member
  • ****
  • Posts: 348
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

A model for synthetic lethality A model for synthetic lethality
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Model of the GABA Receptor–Chloride Channel Molecules in Relationship to Antiseizure Pharmacotherapy Model of the GABA Receptor–Chloride Channel Molecules in Relationship to Antiseizure Pharmacotherapy
A Model of Scientific Literacy A Model of Scientific Literacy
Two models of sensory system organization: The former model was hierarchical, functionally ... Two models of sensory system organization: The former model was hierarchical, functionally ...
Vulnerability – Stress Model Vulnerability – Stress Model
Video: B cells and antibodies

For a complete list of videos, visit our video library