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

Author Question: Suppose equilibrium real GDP is currently at 800 billion and investment is 100 billion. If an ... (Read 89 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jun 30, 2018
Suppose equilibrium real GDP is currently at 800 billion and investment is 100 billion. If an increase in the interest rate reduces investment from 100 billion to 75 billion, and the MPC is 0.8, the new level of equilibrium real GDP will be:
 a. 500 billion.
  b. 600 billion.
  c. 675 billion.
  d. 775 billion.
  e. 800 billion.

Question 2

What is the length of the term of the members of the Board of Governors of the Federal Reserve System?
 a. Four years.
  b. Six years.
  c. Fourteen years.
  d. Life or until the member resigns.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vboyd24

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


clippers!

  • Member
  • Posts: 828
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough
How to use the discriminant to determine the value of k in a quadratic with one real root How to use the discriminant to determine the value of k in a quadratic with one real root
Relationship between Trust and Investment Relationship between Trust and Investment
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
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: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library