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Author Question: Are the values of the multipliers in the short run and the long run larger or smaller than 2? ... (Read 102 times)

WhattoUnderstand

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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


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emilymalinowski12

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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

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Reply 2 on: Jun 29, 2018
Wow, this really help

isabelt_18

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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