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Author Question: If the economy produces full employment output, an increase in government spending increases output ... (Read 93 times)

Medesa

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on: Apr 19, 2019

Question 1

Related to the 
Economics in Practice on p. 547: In the simple "Keynesian" view, if planned aggregate expenditure and aggregate demand exceed capacity output, there is


◦ an inflationary gap and price level rises.
◦ an inflationary gap and price level falls.
◦ a recessionary gap and price level rises.
◦ a recessionary gap and price level falls.

Question 2

If the economy produces full employment output, an increase in government spending increases output but not the price level.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Medesa on Apr 19, 2019

ndhahbi

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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.
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Medesa

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Reply #2 on: Apr 19, 2019
Thank you!


ndhahbi

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Reply #3 on: Apr 19, 2019
Always glad to help...


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