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 90 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
Excellent

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
Who is the “real” Beyoncé—doting mother or Sasha Fierce? Who is the “real” Beyoncé—doting mother or Sasha Fierce?
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Video: Labor and Childbirth - The Three Stages of Labor: Dilation, Expulsion & Placental مراحل الولادة

For a complete list of videos, visit our video library