« previous next »

Author Question: When there is an inflationary gap: a. Real output exceeds the natural level of real output. b. ... (Read 117 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
on: Jun 30, 2018
When there is an inflationary gap:
 a. Real output exceeds the natural level of real output.
  b. Real output equals the natural level of real output.
 c. Real output is less than the natural level of real output.
  d. Any of the above is possible.

Question 2

Calculate the government spending multiplier if, an increase in government spending by 5 million increases real GDP by 25 million.
 a. 0.2
  b. 0.5
  c. 2
  d. 5
  e. 6


chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

The Grants and natural selection of beak size among the medium ground finch. The Grants and natural selection of beak size among the medium ground finch.
Substrate–level phosphorylation. Substrate–level phosphorylation.
Uranus's southern hemisphere in approximate natural colour (left) and in shorter wavelengths (r Uranus's southern hemisphere in approximate natural colour (left) and in shorter wavelengths (r
Mechanisms of pain at the nociceptor level Mechanisms of pain at the nociceptor level
Upper-Level Maps Upper-Level Maps
Natural Causes of Climate Change Natural Causes of Climate Change
Video: Cognitive development by Piaget (Preoperational stage or intelligence)

For a complete list of videos, visit our video library