This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Are the values of the multipliers in the short run and the long run larger or smaller than 2? ... (Read 85 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
on: Jun 29, 2018
Are the values of the multipliers in the short run and the long run larger or smaller than 2?
 
  What will be an ideal response?

Question 2

Refer to Table 9-11. With trade, what is the total gain in hat production?
 
  A) 150 B) 300 C) 400 D) 650


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emilymalinowski12

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

The multiplier in the short run is less than the multiplier of 2 because the short-run increase in real GDP is less than 200 billion. The long-run multiplier is even smaller. It equals zero.

Answer to Question 2

A


WhattoUnderstand

  • Member
  • Posts: 517
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

During confrontations with others, the mane makes the lion look larger. During confrontations with others, the mane makes the lion look larger.
A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe
The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ... As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ...
A tightrope walker walks across a 30-m long wire tied between two poles. The center of the wire ... A tightrope walker walks across a 30-m long wire tied between two poles. The center of the wire ...
Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra. Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra.
Video: Endocytosis -Types and Phagocytosis

For a complete list of videos, visit our video library