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 121 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?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e
Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
The level in the coolant recovery system raises and lowers with engine temperature. The level in the coolant recovery system raises and lowers with engine temperature.
A visual inspection on this battery showed that the electrolyte level was below the plates in all ... A visual inspection on this battery showed that the electrolyte level was below the plates in all ...
Government in America: People, Politics, and Policy, AP Government in America: People, Politics, and Policy, AP
The mole fraction of oxygen in dry air near sea level is 0.20948, where the molar mass of ... The mole fraction of oxygen in dry air near sea level is 0.20948, where the molar mass of ...
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library