This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume an economy is in equilibrium at an output level of $600 billion. If government purchases ... (Read 139 times)

geodog55

  • Hero Member
  • *****
  • Posts: 530
on: Apr 19, 2019

Question 1

Assume an economy is in equilibrium at an output level of $1,500 billion. If government spending increases by $200 billion, then at the output level of $1,500 billion, there is


◦ an unplanned rise in inventories.
◦ an unplanned fall in inventories.
◦ an unplanned inventory change of zero.
◦ either an unplanned increase or decrease in inventories depending on the value of the 
MPC.

Question 2

Assume an economy is in equilibrium at an output level of $600 billion. If government purchases decrease by $75 billion, then at the output level of $600 billion, there is


◦ an unplanned increase in inventories.
◦ an unplanned inventory change of zero.
◦ either an unplanned increase or decrease in inventories depending on the value of the 
MPC.
◦ an unplanned decrease in inventories.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by geodog55 on Apr 19, 2019

Expo

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


geodog55

  • Hero Member
  • *****
  • Posts: 530
Reply #2 on: Apr 19, 2019
Excellent


Expo

  • Sr. Member
  • ****
  • Posts: 351
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

A comparison of gradualism and punctuated equilibrium. A comparison of gradualism and punctuated equilibrium.
Phrases that Decrease Customer Service Level Phrases that Decrease Customer Service Level
A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ... A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ...
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Rising Sea Level Rising Sea Level
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library