« previous next »

Author Question: If fiscal policy is used to close an expansionary gap, the _____. a. short-run aggregate supply ... (Read 74 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
on: Jun 30, 2018
If fiscal policy is used to close an expansionary gap, the _____.
 a. short-run aggregate supply curve shifts leftward and the price level falls
 b. short-run aggregate supply curve shifts rightward and the price level increases
  c. short-run aggregate supply curve shifts rightward and the price level falls
 d. aggregate demand curve shifts leftward and the price level falls
 e. aggregate demand curve shifts rightward and the price level falls

Question 2

If consumption = 5,000; investment = 800, government purchases = 700, exports = 30, imports = 60, and transfer payments = 340, then _____.
 a. GDP = 7,400
  b. GDP = 7,740
  c. GDP = 3,140
  d. GDP = 6,470
  e. GDP = 6,840


Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Close-ups of Jupiter’s Atmosphere Close-ups of Jupiter’s Atmosphere
Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ... Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ...
Most catalytic converters are located as close to the exhaust manifold as possible as seen in this ... Most catalytic converters are located as close to the exhaust manifold as possible as seen in this ...
The original Supply and Demand graph The original Supply and Demand graph
Answer the following short answer, please show your steps and include the formulas used Answer the following short answer, please show your steps and include the formulas used
Aggregate Fruits: Strawberry Aggregate Fruits: Strawberry
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library