Equilibrium GDP
A. is below $4 trillion.
B. is above $4 trillion.
C. is exactly $4 trillion.
D. cannot be determined.
C. is exactly $4 trillion.
Economics
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A general formula for the multiplier is
A) 1/(1-MPS) B) 1/(MPC) C) 1/(MPS) D) 1/(MPC-1)
Economics
If the consumer price index (CPI) in Year X was 300 and the CPI in Year Y was 325, the rate of inflation for Year Y was:
a. 325 percent. b. 25 percent. c. 5 percent. d. 8 percent.
Economics
In the simple circular-flow diagram, who buys the factors of production?
a. households only b. firms only c. both households and firms d. neither households nor firms
Economics
What factors might cause the interest rates to differ? Explain
What will be an ideal response?
Economics