Refer to the above data. If exports should decrease by $20 billion at each level of GDP, other factors constant, then the equilibrium GDP for the economy will be:
A. $650 billion
B. $550 billion
C. $500 billion
D. $450 billion
D. $450 billion
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The CPI was 225 in 2008 and 232.2 in 2009. The nominal interest rate during this period was 1.4 percent. What was the real interest rate during this period?
A) 3.2 percent B) 1.8 percent C) 4.6 percent D) -3.2 percent E) -1.8 percent
Because low tariffs have a high ratio of benefits to costs, they are an especially efficient way for nations to achieve full employment and growth
Indicate whether the statement is true or false
This __________ declared that price discrimination is illegal especially when it decreases competition
a. Robinson-Patman Act b. Sherman Antitrust Act of 1890. c. Merger Act d. Federal Trade Commission Act.
Suppose the MPC is 0.85 . If government purchases increase by $10 billion and net taxes fall by $10 billion, equilibrium output will
a. fall by $10 billion b. increase by $10 billion c. increase by $20 billion d. increase by $66.7 billion e. increase by $123.3 billion