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Author Question: Which of the following explains why a 100 billion reduction in consumption spending might decrease ... (Read 146 times)

Garrulous

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on: Jun 30, 2018
Which of the following explains why a 100 billion reduction in consumption spending might decrease equilibrium real GDP by more than 100 billion?
 a. Say's law.
  b. The quantity theory of money.
  c. Flexible resource prices.
  d. The multiplier principle.

Question 2

Which of the following is a desirable property of money?
 a. Scarcity.
  b. Portability.
  c. Divisibility.
  d. All of these.


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atrochim

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


Garrulous

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

carlsona147

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Reply 3 on: Yesterday
Excellent

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