« previous next »

Author Question: In the above figure, the economy is at point A when changes occur. If the new equilibrium has a ... (Read 81 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 29, 2018
In the above figure, the economy is at point A when changes occur. If the new equilibrium has a price level of 100 and real GDP of 17.0 trillion, then it must be the case that
 
  A) aggregate demand has decreased.
  B) aggregate supply has decreased.
  C) aggregate demand has increased.
  D) aggregate supply has increased.

Question 2

Using the data in the above table, suppose imports equal 250 billion and investment equals 1,000 billion. Hence government expenditure equals
 
  A) 1,000 billion.
  B) 750 billion.
  C) 500 billion.
  D) 250 billion.


Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

The following terms describe types of body movement that occur at the diarthrotic joints The following terms describe types of body movement that occur at the diarthrotic joints
Latin America in the Global Economy Latin America in the Global Economy
Mobilize joints of the feet and ankle. Apply scissoring to metatarsals and figure-8s to toes. Dorsi- ... Mobilize joints of the feet and ankle. Apply scissoring to metatarsals and figure-8s to toes. Dorsi- ...
Figure of a Woman with a Drawing Showing Evidence of Original Painting and Outlining Design Scheme Figure of a Woman with a Drawing Showing Evidence of Original Painting and Outlining Design Scheme
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Identify the junction nodes in the circuit shown in Figure 21-1. Identify the junction nodes in the circuit shown in Figure 21-1.
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library