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Author Question: If the price of a good increased, a. It would also increase the quantity exchanged if it was caused ... (Read 32 times)

Tazate

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on: Jun 30, 2018
If the price of a good increased,
 a. It would also increase the quantity exchanged if it was caused by an increase in demand.
  b. It would also decrease the quantity exchanged if it was caused by an increase in supply.
  c. We would not know how quantity would change if we didn't know whether it was due a change in demand or a change in supply.
  d. All of the above would be true.

Question 2

If the government decides to spend an extra 4 billion on fighter jets that they would otherwise have spent on computers, and the MPC = 0.75, what is the effect on AD?
 a. AD increases by 20 billion.
  b. AD increases by 16 billion.
  c. AD increases by 4 billion.
  d. AD does not change.


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snackralk

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


Tazate

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Reply #2 on: Jun 30, 2018
Thank you


snackralk

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Reply #3 on: Jun 30, 2018
No problemo


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