« previous next »

Author Question: If fiscal policy is used to close an expansionary gap, the _____. a. short-run aggregate supply ... (Read 64 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?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Close-up of a cat's claw, with the quick clearly visible Close-up of a cat's claw, with the quick clearly visible
Przewalski's horses close up Przewalski's horses close up
The Spinal Cord, The Spinal Cord and Spinal Nerves; Close-up of the Caudal Region of the Spinal Nerv The Spinal Cord, The Spinal Cord and Spinal Nerves; Close-up of the Caudal Region of the Spinal Nerv
Bonobos are close relatives of chimpanzees and of humans. Bonobos are close relatives of chimpanzees and of humans.
Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012 Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012
Close-up of a newly created enzyme degrading PET plastic Close-up of a newly created enzyme degrading PET plastic
Video: Causes of Acne

For a complete list of videos, visit our video library