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Author Question: If the economy is already at its potential output, then the spending multiplier is: a. zero in the ... (Read 39 times)

Jramos095

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on: Jun 30, 2018
If the economy is already at its potential output, then the spending multiplier is:
 a. zero in the long run.
 b. infinite in the long run.
 c. equal to 1 in the long run.
  d. zero in the short run.
 e. equal to 1 in the short run.

Question 2

If an economy produces final output worth 5 trillion, then the aggregate income generated by that production:
 a. will be 5 trillion.
 b. will be more than 5 trillion.
 c. will be 5 trillion minus taxes.
 d. will be less than 5 trillion.
 e. will be 5 trillion plus transaction costs.


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jaygar71

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

a

Answer to Question 2

a


Jramos095

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  • Posts: 528
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bbburns21

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Reply 3 on: Yesterday
:D TYSM

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