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 85 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?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

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.

APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 1 APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 1
APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 5 APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 5
The answer to “What is the proper role of children in an economy?” varies by social class, ... The answer to “What is the proper role of children in an economy?” varies by social class, ...
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 ...
Open and closed comedones of acne Open and closed comedones of acne
A closed loop conductor that forms a circle with a radius of is located in a uniform but ... A closed loop conductor that forms a circle with a radius of is located in a uniform but ...
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library