This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In response to an increase in AD: a. The price level will increase more in the long run than in the ... (Read 54 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
In response to an increase in AD:
 a. The price level will increase more in the long run than in the short run.
 b. Real output will increase more in the long run than in the short run.
 c. Both the price level and real output will increase more in the long run than in the short run.
  d. Neither the price level nor real output will change in the long run.

Question 2

If the spending multiplier equals 6 and equilibrium real GDP is 32 billion below potential real GDP, then total planned expenditures need to decrease by approximately 5.33 billion to close the recessionary gap.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olivia_paige29

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


Engineer

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
Gracias!

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

A 19-foot-long blue whale skull in the collections of the Smithsonian Museum of Natural History A 19-foot-long blue whale skull in the collections of the Smithsonian Museum of Natural History
Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first
fMRI Machine It is not until after toddlerhood that most children can lie still long enough to have fMRI Machine It is not until after toddlerhood that most children can lie still long enough to have
Intervention Model-Response to Client Misconduct Intervention Model-Response to Client Misconduct
An 82-kg painter stands on a long horizontal board 1.55 m from one end. This 27-kg board is ... An 82-kg painter stands on a long horizontal board 1.55 m from one end. This 27-kg board is ...
The stress response involves several pathways, which begin with a signaling stimulus The stress response involves several pathways, which begin with a signaling stimulus
Video: Hydrogen bonds vs. Ionic bond

For a complete list of videos, visit our video library