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 100 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?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Open, or compound The fracture projects through the skin and there is a possibility of infection or Open, or compound The fracture projects through the skin and there is a possibility of infection or
Closed urinary drainage system. Urine being measured after it leaves patient’s body via catheter. Closed urinary drainage system. Urine being measured after it leaves patient’s body via catheter.
APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 5 APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 5
Measure between terminal 30 and 87a. Terminal 87a is the normally closed contact, and there should ... Measure between terminal 30 and 87a. Terminal 87a is the normally closed contact, and there should ...
Rapping. Tapotement performed with the knuckles of a loosely closed fist, as if rapping lightly on a ... Rapping. Tapotement performed with the knuckles of a loosely closed fist, as if rapping lightly on a ...
economy manegment economy manegment
Video: Wound Repair Animation

For a complete list of videos, visit our video library