If AD1 shifts to AD2, the full multiplier effect would be an increase in real GDP from:
Refer to the figure above.
A. Q1 to Q2
B. Q1 to Q3
C. Q2 to Q3
D. Q2 to more than Q3
B. Q1 to Q3
You might also like to view...
A college student decides to spend the afternoon watching three movies rented from Red Box. The cost of each movie is $1. The student was willing to pay $4 to rent each of the first two movies and $2 to rent the third movie. What was the marginal benefit received by the student when renting the 2nd movie?
A. $1 B. $8 C. $4 D. $2
If the aggregate supply curve is flat,
A. contractionary fiscal or monetary policy will reduce inflation with little effect on real GDP. B. contractionary fiscal or monetary policy will cause significantly less inflation. C. expansionary fiscal or monetary policy will add significantly to real GDP will little effect on inflation. D. expansionary fiscal or monetary policy will add little to real GDP but will increase inflation significantly.
The post hoc, ergo propter hoc fallacy consists of:
A. Using an example to "prove" a different point B. Inferring causality from chronological sequence C. Jumping to conclusions from an inadequate number of cases D. Arguing for or against a person's character rather than his view or opinion
Explain how a reservoir can serve as an analogy for thinking about a nation’s capital stock, investment, and depreciation
What will be an ideal response?