Author Question: Refer to the above figure. Line EBD is called A) the saving function. B) the consumption ... (Read 59 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
Refer to the above figure. Line EBD is called
 
  A) the saving function. B) the consumption function.
  C) the 45-degree line. D) aggregate demand.

Question 2

Contractionary fiscal policy will most likely
 
  A) involve increasing government spending. B) reduce the price level.
  C) involve cutting taxes. D) raise real GDP.



Anna

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library