Use the aggregate expenditures model and the following values to answer the next question. AMPCIGT$7500.5$1,000$1,000$500Determine equilibrium real GDP for this economy.
A. $5,000
B. $5,500
C. $4,000
D. $4,500
Answer: A
You might also like to view...
According to the graph shown, if Q2 units are being produced, this monopolist:
This graph shows the cost and revenue curves faced by a monopoly.
A. is not maximizing profits.
B. is producing where marginal costs are less than marginal revenue.
C. is earning negative profits.
D. should increase production.
A . Explain why an inflationary gap is a problem. b. Explain the Keynesian view of how the government can close an inflationary gap
American and Japanese workers can each produce 4 cars a year. An American worker can produce 10 tons of grain a year, whereas a Japanese worker can produce 5 tons of grain a year. To keep things simple, assume that each country has 100 million workers. for the US, what is the opportunity cost of a car?
a. 2.5 tons of grain b. 0.4 tons of grain c. 10 tons of grain d. 5 tons of grain
Bundling of complements to create value strategically usually leads to lower prices for the consumer, ________.
A. less volume sold, and lower profits B. greater volume sold, and lower profits C. greater volume sold, and greater profits D. less volume sold, and greater profits