is this correct? please helpHomework Answers
This is correct
Balanced budget multiplier is always 1 which is a positive number.
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The graph shows the aggregate supply curve and the aggregate demand...
In the graph, the initial aggregate supply curve is AS and the initial aggregate demand curve...
In the graph, the initial aggregate supply curve is AS and the initial aggregate demand curve is ADo Some events that could have changed aggregate demand from AD, to AD are O A. a fall in the exchange rate or Price level 0 AS AS an increase in expected future inflation O B. a decrease in the money wage rate or 105 10 an increase in potential GDP ( 100 C. a decrease in expected future income or a decrease...
Use the following graph, which shows an aggregate demand curve, to answer the next question, 250...
Use the following graph, which shows an aggregate demand curve, to answer the next question, 250 200 150 100 AD 0 500 600 700 800 Real GDP ($B) If the price level decreases from 200 to 100, the real output demanded will Multiple Cholce Increase by $800 billlon Increase by $200 billion decrease by $600 billion decrease by $200 billion
The graph shows the outlays and revenues curves for an economy Outlays and revenues (billions of...
The graph shows the outlays and revenues curves for an economy Outlays and revenues (billions of 2007 dollars) Actual real GDP is $1,300 billion 500- PotentiRevenues Draw a vertical line that shows a value of potential GDP such that the economy has a cyclical deficit. 400- 300 200- X That's incorrect X 100 What is the relationship between actual real GDP and potential GDP when the economy has a cyclical deficit? Outlays 1000 1100 1200 1300 1400 Real GDP billions...
The graph shows an economy that is above full employment. To restore full employment, the government...
The graph shows an economy that is above full employment. To restore full employment, the government decreases government expenditure by $0.5 trillion. Draw a curve to show the effect of the decrease if this is the only change in spending plans. Label the curve AD0-ΔE The decrease in government expenditure sets off a multiplier process. Draw a curve that shows the multiplier effect that returns the economy to full employment. Label it AD Draw a point at the full-employment equilibrium...
The graph shows an economy below full employment. To restore full employment, the government incr...
The graph shows an economy below full employment. To restore full employment, the government increases government expenditure by $0.5 trillion. Draw a curve to show the effect of the increase if it is the only change in spending plans. Label the curve ADo AE Price level (GDP price index, 2009-100) Potential GDP The increase in government expenditure sets off a multiplier process. Draw a curve that shows the multiplier effect that returns the economy to full employment. Label it AD,...
QUESTION 4 With an upward-sloping aggregate supply curve, real output can be increased to the full...
QUESTION 4 With an upward-sloping aggregate supply curve, real output can be increased to the full employment output level if: O A Government expenditures are increased by the amount of the GDP gap. O B. Government expenditures are increased by the amount of the AD shortfall. C. Aggregate demand is increased by the amount of the GDP gap. o D. Govenment expenditures are increased by the amount of the AD shortfall divided by the multiplier QUESTION 5 To eliminate an...
the government cuts tases or inereases government spending 20) ) the aggregate demand curve shifts to...
the government cuts tases or inereases government spending 20) ) the aggregate demand curve shifts to the right. tne long-run aggregate supply curve shifts to the left. C) the 20) When aggregate demand curve shifts to the left. the short-run aggregate supply curve shifts to the left. t spending without an accompanying increase 21) An increase in govenment spending n taxes demand A) does not increase aggregate B) would effectively eliminate an inflationary gap. Q mquires additional govemment borrowing spending...
The graph shows an economy's potential GDP and the aggregate supply curve. Price level (GDP price...
The graph shows an economy's potential GDP and the aggregate supply curve. Price level (GDP price index, 2009-100) 150 Draw an arrow that shows a rise in the price level when the money wage rate remains unchanged. Label it 1. Potential GDP 140 Draw an arrow that shows a rise in the price level accompanied by the same percentage rise in the money130- wage rate and the money prices of other resources. Label it 2. AS 120 110 90 14.0...
The graph below depicts an economy where a decline in aggregate demand has caused a recession....
The graph below depicts an economy where a decline in aggregate demand has caused a recession. Assume the government decides to conduct fiscal policy by increasing government purchases to reduce the burden of this recession. Fiscal Policy 180 LRAS AS 160 140 120 100 Price Level 80 60 40 AD 20 AD 0 100 200 300 400 500 600 700 800 900 Real GDP (billions of dollars) Instructions: Enter your answers as a whole number. a. How much does aggregate...
The following graph shows the short-run aggregate supply curve (AS), the aggregate demand curve (AD), and the long-run aggregate supply curve (LRAS) for a hypothetical economy
9. Economic fluctuations II The following graph shows the short-run aggregate supply curve (AS), the aggregate demand curve (AD), and the long-run aggregate supply curve (LRAS) for a hypothetical economy. Initially, the expected price level is equal to the actual price level, and the economy is in long-run equilibrium at its natural level of output, $120 billion. Suppose a bout of severe weather drives up agricultural costs, increases the costs of transporting goods and services, and increases the costs of producing goods...
In the graph, the initial aggregate supply curve is AS and the initial aggregate demand curve is ADo Some events that could have changed aggregate demand from AD, to AD are O A. a fall in the exchange rate or Price level 0 AS AS an increase in expected future inflation O B. a decrease in the money wage rate or 105 10 an increase in potential GDP ( 100 C. a decrease in expected future income or a decrease...
Use the following graph, which shows an aggregate demand curve, to answer the next question, 250 200 150 100 AD 0 500 600 700 800 Real GDP ($B) If the price level decreases from 200 to 100, the real output demanded will Multiple Cholce Increase by $800 billlon Increase by $200 billion decrease by $600 billion decrease by $200 billion
The graph shows the outlays and revenues curves for an economy Outlays and revenues (billions of 2007 dollars) Actual real GDP is $1,300 billion 500- PotentiRevenues Draw a vertical line that shows a value of potential GDP such that the economy has a cyclical deficit. 400- 300 200- X That's incorrect X 100 What is the relationship between actual real GDP and potential GDP when the economy has a cyclical deficit? Outlays 1000 1100 1200 1300 1400 Real GDP billions...
The graph shows an economy that is above full employment. To restore full employment, the government decreases government expenditure by $0.5 trillion. Draw a curve to show the effect of the decrease if this is the only change in spending plans. Label the curve AD0-ΔE The decrease in government expenditure sets off a multiplier process. Draw a curve that shows the multiplier effect that returns the economy to full employment. Label it AD Draw a point at the full-employment equilibrium...
The graph shows an economy below full employment. To restore full employment, the government increases government expenditure by $0.5 trillion. Draw a curve to show the effect of the increase if it is the only change in spending plans. Label the curve ADo AE Price level (GDP price index, 2009-100) Potential GDP The increase in government expenditure sets off a multiplier process. Draw a curve that shows the multiplier effect that returns the economy to full employment. Label it AD,...
QUESTION 4 With an upward-sloping aggregate supply curve, real output can be increased to the full employment output level if: O A Government expenditures are increased by the amount of the GDP gap. O B. Government expenditures are increased by the amount of the AD shortfall. C. Aggregate demand is increased by the amount of the GDP gap. o D. Govenment expenditures are increased by the amount of the AD shortfall divided by the multiplier QUESTION 5 To eliminate an...
the government cuts tases or inereases government spending 20) ) the aggregate demand curve shifts to the right. tne long-run aggregate supply curve shifts to the left. C) the 20) When aggregate demand curve shifts to the left. the short-run aggregate supply curve shifts to the left. t spending without an accompanying increase 21) An increase in govenment spending n taxes demand A) does not increase aggregate B) would effectively eliminate an inflationary gap. Q mquires additional govemment borrowing spending...
The graph shows an economy's potential GDP and the aggregate supply curve. Price level (GDP price index, 2009-100) 150 Draw an arrow that shows a rise in the price level when the money wage rate remains unchanged. Label it 1. Potential GDP 140 Draw an arrow that shows a rise in the price level accompanied by the same percentage rise in the money130- wage rate and the money prices of other resources. Label it 2. AS 120 110 90 14.0...
The graph below depicts an economy where a decline in aggregate demand has caused a recession. Assume the government decides to conduct fiscal policy by increasing government purchases to reduce the burden of this recession. Fiscal Policy 180 LRAS AS 160 140 120 100 Price Level 80 60 40 AD 20 AD 0 100 200 300 400 500 600 700 800 900 Real GDP (billions of dollars) Instructions: Enter your answers as a whole number. a. How much does aggregate...
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