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

Author Question: Consider a closed economy described by AE (aggregate expenditures) = 800,000 + 0.75Y Assume that ... (Read 38 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
Consider a closed economy described by AE (aggregate expenditures) = 800,000 + 0.75Y Assume that this economy is initially in equilibrium. But now the government implements a program to improve highways that will cost 1 million. This implies that equilibrium real GDP will:
 a. decrease by 1 million.
  b. decrease by 4 million.
  c. increase by 1 million.
  d. increase by 4 million.
  e. decrease by 800,000.

Question 2

Which of the following is true of a demand curve?
 a. It must remain stable over time.
 b. It can shift either rightward or leftward.
 c. It is possible to move along the curve, but the demand curve will not shift.
  d. None of the above are true.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jordangronback

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 30, 2018
Correct answers!


jordangronback

  • Sr. Member
  • ****
  • Posts: 339
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

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?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Tactile Fremitus, Using Ulnar Aspect of Closed Fist Tactile Fremitus, Using Ulnar Aspect of Closed Fist
The cardiovascular system. A schematic view of the closed circulation of blood. The heart is section The cardiovascular system. A schematic view of the closed circulation of blood. The heart is section
Examples of open and closed ended questons Examples of open and closed ended questons
APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 3 APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 3
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Comparison of open and closed circulatory systems. Comparison of open and closed circulatory systems.
Video: Osmosis - Isotonic, Hypotonic, and Hypertonic​ Solutions

For a complete list of videos, visit our video library