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Author Question: In the short run, an increase in the price level: a. increases output prices relative to input ... (Read 74 times)

SGallaher96

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on: Jun 30, 2018
In the short run, an increase in the price level:
 a. increases output prices relative to input prices.
  b. increases the profit margins of many producers.
  c. increases RGDP supplied.
 d. all of the above

Question 2

Suppose the multiplier effect for Japan is 0.8 for any 1 billion change in U.S. government purchases. Therefore, Japanese real GDP will rise by 8 billion when U.S. government spending rises by 10 billion.
 a. True
  b. False
  Indicate whether the statement is true or false


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C.mcnichol98

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

d

Answer to Question 2

True


SGallaher96

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Reply #2 on: Jun 30, 2018
Thank you :)


C.mcnichol98

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Reply #3 on: Jun 30, 2018
Happy to help you


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