A decrease in aggregate expenditure has what result on equilibrium GDP?
A) Equilibrium GDP falls.
B) Equilibrium GDP rises.
C) Equilibrium GDP is not affected by a decrease in aggregate expenditure.
D) Equilibrium GDP may rise or fall depending on the size of the decrease in aggregate expenditure relative to the initial level of GDP.
Question 2
Refer to Figure 27-7. Given that the economy has moved from A to B in the graph above, which of the following would be the appropriate fiscal policy to achieve potential GDP?
A) increase government spending B) contractionary fiscal policy
C) increase taxes D) decrease interest rates
Wahkeena Falls at Columbia River Gorge in Oregon in the autumn.
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
Kinesthesis and Equilibrium
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
What will be the pH of the solution once equilibrium is established?
The Hardy–Weinberg equilibrium for two autosomal alleles.