« previous next »

Author Question: The government of Youland increased its spending by 100 billion. However, the corresponding change ... (Read 21 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jun 30, 2018
The government of Youland increased its spending by 100 billion. However, the corresponding change in output was much smaller than that predicted by the government expenditure multiplier. This occurs due to ________.
 
  A) crowding out B) a liquidity crisis
  C) the internalization of an externality D) quantitative easing

Question 2

Refer to the above figure. A budget deficit occurs when real national income is
 
  A) Y3.
  B) Y1.
  C) Y2.
  D) None of the above: cannot be determined given the information.


jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
Change in air temperature at various air flow rates for a 7 pass operation Change in air temperature at various air flow rates for a 7 pass operation
Climate Change: Volcanoes Climate Change: Volcanoes
Climate change is an important vector for human diseases Climate change is an important vector for human diseases
Video: Methods that regulate pH

For a complete list of videos, visit our video library