This topic contains a solution. Click here to go to the answer

Author Question: Refer to Table 27-4. Consider the hypothetical information in the table above for potential real ... (Read 41 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
Refer to Table 27-4. Consider the hypothetical information in the table above for potential real GDP, real GDP, and the price level in 2016 and in 2017 if Congress and the president do not use fiscal policy.
 
  If Congress and the president use fiscal policy successfully to keep real GDP at its potential level in 2017, which of the following will be lower than if Congress and the president had taken no action?
  A) potential GDP and the inflation rate B) real GDP and the unemployment rate
  C) real GDP and potential GDP D) real GDP and the inflation rate

Question 2

Equilibrium GDP is equal to
 
  A) autonomous expenditure times the multiplier.
  B) autonomous expenditure times the marginal propensity to consume.
  C) autonomous expenditure times the marginal propensity to save.
  D) autonomous expenditure.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

D

Answer to Question 2

A




karateprodigy

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

For a complete list of videos, visit our video library