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

Author Question: If the AD curve shifts rightward, then A) both the price level and real GDP will decrease. B) ... (Read 179 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
If the AD curve shifts rightward, then
 
  A) both the price level and real GDP will decrease.
  B) both the price level and real GDP will increase.
  C) the price level will increase, but no change will occur in real GDP.
  D) the price level will not change, but real GDP will increase.
  E) potential GDP increases.

Question 2

The quantity of money is 1 billion, the price level is 1.10, and real GDP is 10 billion. What is the velocity of money?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

The velocity of money equals 11.


imanialler

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Wow, this really help

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
How to find the equation of a cosine curve How to find the equation of a cosine curve
Muscle structure seen at the EM level Muscle structure seen at the EM level
Changes in the Level of Education, 1975-2010 Changes in the Level of Education, 1975-2010
World Mean Sea-Level Temperatures in July World Mean Sea-Level Temperatures in July
The quaternary level of protein structure as seen in hemoglobin The quaternary level of protein structure as seen in hemoglobin
Video: Carpal Tunnel Syndrome

For a complete list of videos, visit our video library