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Author Question: The expenditure approach measures GDP by adding the spending of households, businesses, government, ... (Read 81 times)

strangeaffliction

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

True

Answer to Question 2

a


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