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Author Question: A surplus exists in a market if a. there is an excess demand for the good. b. quantity demanded ... (Read 28 times)

corkyiscool3328

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on: Jun 30, 2018
A surplus exists in a market if
 a. there is an excess demand for the good.
 b. quantity demanded exceeds quantity supplied.
  c. the current price is above its equilibrium price.
  d. All of the above are correct.

Question 2

If government spending increased by 50 billion and the MPC within the economy was 0.8, what would be the total impact on real GDP?
 a. 62.5 billion decrease
  b. 62.5 billion increase
  c. 250 billion decrease
  d. 250 billion increase


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asdfghjkl;

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

c

Answer to Question 2

d


corkyiscool3328

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  • Posts: 539
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ghepp

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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