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Author Question: In the above figure, the aggregate demand curve is AD2, so the long-run equilibrium level of real ... (Read 111 times)

Cooldude101

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on: Jun 29, 2018
In the above figure, the aggregate demand curve is AD2, so the long-run equilibrium level of real GDP is
 
  A) 16 trillion.
  B) 16.5 trillion.
  C) more than 16 and less than 16.5 trillion.
  D) None of the above answers is correct.

Question 2

Suppose U.S. net exports are -400 billion and the U.S. government sector surplus is 200 billion. Then in the private sector, saving minus investment equals
 
  A) -600 billion.
  B) -200 billion.
  C) +600 billion.
  D) +200 billion.


ricroger

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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