Author Question: Refer to Figure 26-12. In the dynamic AD-AS model, the economy is at point A in year 1 and is ... (Read 141 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
Refer to Figure 26-12. In the dynamic AD-AS model, the economy is at point A in year 1 and is expected to go to point B in year 2, and the Federal Reserve pursues policy. This will result in
 
  A) real GDP levels higher than what would occur if no policy had been pursued.
  B) inflation rates higher than what would occur if no policy had been pursued.
  C) potential real GDP levels lower than what would occur if no policy had been pursued.
  D) unemployment rates higher than what would occur if no policy had been pursued.

Question 2

Refer to Table 19-30. Based on the table above, what is personal income for this economy?
 
  A) 1,950 billion B) 2,030 billion C) 2,450 billion D) 5,130 billion



TINA

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

TINA

  • Sr. Member
  • ****
  • Posts: 336

 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

For a complete list of videos, visit our video library