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Author Question: For the quantity exchanged in a market to remain the same, while the price increased, both supply ... (Read 70 times)

stevenposner

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on: Jun 30, 2018
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

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

False

Answer to Question 2

c


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stevenposner

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Reply #2 on: Jun 30, 2018
Thank you


tandmlomax84

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Reply #3 on: Jun 30, 2018
No problemo


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