« previous next »

Author Question: Suppose for an economy, investment = 40; saving = 50, government spending + exports = 100; and taxes ... (Read 85 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
Suppose for an economy, investment = 40; saving = 50, government spending + exports = 100; and taxes + imports = 110 . Then for this economy, total leakages exceed total injections by 20, so there will be pressure for the economy to contract.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following would shift the demand curve for gasoline to the right?
 a. a decrease in the price of gasoline
 b. an increase in consumer income, assuming gasoline is a normal good
  c. an increase in the price of cars, a complement for gasoline
 d. a decrease in the expected future price of gasoline


Qarqy

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

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.

Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Steel-toed shoes are a worthwhile investment to help prevent foot injury due to falling objects. ... Steel-toed shoes are a worthwhile investment to help prevent foot injury due to falling objects. ...
Japan’s Economy and Society Japan’s Economy and Society
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library