How does real GDP change in the long run when autonomous expenditure increases? Does real GDP change
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
In the long run an increase in aggregate expenditure has no effect on real GDP ...View the full answer
Answered By
Talha Talib
I am a member of IEEE society. As i am a student of electrical engineering badge 17 but beside of this i am also a tutor in unique academy. I teach calculus, communication skills, mechanics and economics. I am also a home tutor. My student Muhammad Salman Alvi is a brilliant A-level student and he performs very well in academics when i start to teach him. His weak point was mathematics but now he is performing well in mathematics. I am a scholarship holder in Fsc as i scored 1017 marks in metric out of 1100. Later on i got scholarship in Punjab Group of Colleges. I got 2nd position in robotics competition in 2018 as my project home automation select for the exhibition in Expocentre.
4.60+
23+ Reviews
62+ Question Solved
Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
Question Posted:
Students also viewed these Economics questions
-
How does an increase in autonomous expenditure change real GDP in the short run? Does real GDP change by the same amount as the change in aggregate demand? Why or why not?
-
In the previous problem, we studied the effects of a cost-saving invention. For this problem, we suppose that there was no such invention, but that a tax is introduced. Suppose that on January 1,...
-
1. Suppose the supply of money increases, causing output to exceed full employment. Prices will ______ and real GDP will ______ in the short run, and prices will ______ and real GDP will in the long...
-
Preparing and interpreting a statement of cash flows using a T-account work sheet. Financial statement data for Dickerson Manufacturing Company for the current year appear in Exhibit 5.29. Additional...
-
The Yukon Table Company produces dining tables in a three-stage process: sawing, assembly, and staining. Costs incurred in the Sawing Department during September are summarized as follows: Direct...
-
Hercules Workout World gains a client who prepays \($630\) for a package of six physical training sessions. Hercules Workout World collects the \($630\) in advance and will provide the training...
-
Prepare and interpret a performance report (Learning Objective 2) Refer to the Digital Technologies data in P11-47B. The company sold 11,000 units during October 2007, and its actual operating income...
-
Wynn Sheet Metal reported an operating loss of $160,000 for financial reporting and tax purposes in 2011. The enacted tax rate is 40%. Taxable income, tax rates, and income taxes paid in Wynn's first...
-
The stockholders' equity section on the December 3 1 balance sheet of Chemfast Corporation reported the following amounts: \ table [ [ Contributed Capital, ] , [ Preferred Stock ( par $ 2 0 ;...
-
You are planning to switch your cell phone provider. The Cellular worksheet presents three options for a cell phone plan with the new company. You could choose a pay-as-you-go plan, a traditional...
-
How do fluctuations in autonomous expenditure influence real GDP?
-
If autonomous expenditure increases with no change in the price level, what happens to the AE curve and the AD curve? Which curve shifts by an amount that is determined by the multiplier and why?
-
We like to think of the \(E ightarrow \infty\) limit as the limit in which quantum mechanics "turns into" classical mechanics, but this clearly has limitations. The limitation that we will consider...
-
List at least 3 suggestions for positively affecting team morale and explain each idea. In your explanation, identify employee characteristics that would benefit most from your suggestion.
-
provide 3 solutions to improve artificial lighting quality and/or quantity in a room. explain why you think artificial lighting isn't suitable
-
A detailed explanation on Where does the organization environmental activists "Green Connect" want to be in the future?
-
Could you expound upon the intricate interplay between external market pressures and internal cultural malaise in precipitating the downfall of once-prominent enterprises ?
-
What are the usability impacts to PERSONAL - not enterprise - users of such recommendations? If these are good recommendations, why aren't these items default settings? How useful are the directions?...
-
The size of an organisation and its type of production system are clearly the two most important situational variables that ultimately determine the most appropriate structure of the organisation and...
-
Element compound homogeneous mixture (heterogeneous mixture) 4) A piece of gold has a mass of 49.75 g. What should the volume be if it is pure gold? Gold has a density of 19.3 g/cm (3 points) D=m/v...
-
Suppose that you can use a simple model of exposure and response but that you can specify a more complicated model based on the physics of your problem. The more complicated model includes more...
-
How would the following transactions affect U.S. net capital outflow? Also, state whether each involves direct investment or portfolio investment. a. An American cellular phone company establishes an...
-
The business section of most major newspapers contains a table showing U.S. exchange rates. Find such a table in a paper or online and use it to answer the following questions. a. Does this table...
-
Would each of the following groups be happy or unhappy if the U.S. dollar appreciated? Explain. a. Dutch pension funds holding U.S. government bonds b. U.S. manufacturing industries c. Australian...
-
7 . Carns Company is considering eliminating its Small Tools Division, which reported a loss for the prior year of $ 2 4 5 , 0 0 0 as shown below. If the Small Tools Division is dropped, all of its...
-
Problem 8 - 6 A Recording accounts receivable transactions and bad debt adjustments LO 1 , 2 , 3 Peru Industries began operations on January 1 , 2 0 2 3 . During the next two years, the company...
-
Payment Cheque # 4 8 8 Dated June 5 , 2 0 2 5 To Red Deer Promotions, $ 2 9 4 0 in payment of invoice #RDP - 8 6 6 8 .
Study smarter with the SolutionInn App