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Author Question: When there is an excess quantity supplied of a product at the current price, then: a. the market ... (Read 24 times)

amal

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on: Jun 30, 2018
When there is an excess quantity supplied of a product at the current price, then:
 a. the market price must be below equilibrium price.
 b. the quantity demanded is greater than the equilibrium quantity.
  c. the market price will tend to rise.
 d. the market price will tend to fall.

Question 2

If government spending increased by 200 billion and the MPC within the economy was 0.9, what would be the total impact on real GDP?
 a. 180 billion increase
  b. 222 billion increase
  c. 380 billion increase
  d. 2.0 trillion increase


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hollysheppard095

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

d

Answer to Question 2

d


amal

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

gcook

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Reply 3 on: Yesterday
Excellent

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