« previous next »

Author Question: The expenditure approach measures GDP by adding the spending of households, businesses, government, ... (Read 84 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jun 30, 2018
The expenditure approach measures GDP by adding the spending of households, businesses, government, and foreigners.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

According to Keynesian theory, if equilibrium real GDP is below the full-employment level, then an increase in aggregate demand will result in which of the following changes in equilibrium?
 a. Real GDP will rise, but the price level will remain constant.
  b. Real GDP and the price level will both rise.
  c. Real GDP will remain unchanged but the price level will rise.
  d. None of the above.


micaelaswann

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The FDA recognizes 118 routes of administration.

Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Creating Trans Fatty Acids Hydrogenating, or adding hydrogen Creating Trans Fatty Acids Hydrogenating, or adding hydrogen
Adding fiber to the diet Adding fiber to the diet
American Government: Roots and Reform, 2009 Edition American Government: Roots and Reform, 2009 Edition
Percentage of higher-income Canadian households Percentage of higher-income Canadian households
Video: Frequency of stimulation and force (Recruitment of motor units and force)

For a complete list of videos, visit our video library