Author Question: For the quantity exchanged in a market to remain the same, while the price increased, both supply ... (Read 34 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
For the quantity exchanged in a market to remain the same, while the price increased, both supply and demand would have to shift to the right.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If government increases its purchases by 20 billion and the MPC = 0.9, the resulting increase in the consumption component of AD is:
 a. 2 billion.
 b. 18 billion.
 c. 180 billion.
  d. 200 billion.



tandmlomax84

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

False

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

For a complete list of videos, visit our video library