Question
May I please have assistance on the following three macroeconomics questions: 1. Assume there is no government or foreign sector. If the MPS is .2,
May I please have assistance on the following three macroeconomics questions: 1. Assume there is no government or foreign sector. If the MPS is .2, a $20 billion decrease in planned investment will cause aggregate output to decrease by
- A. $200 billion.
- B. $20 billion.
- C. $100 billion.
- D. $4 billion.
2. Oil is an important resource used in Arboc. An oil price increase would
- A. increase Arboc's aggregate demand curve.
- B. decrease Arboc's short-run aggregate supply curve.
- C. decrease Arboc's aggregate demand curve.
- D. increase Arboc's short-run aggregate supply curve.
3. According to the Classical model, cyclical unemployment
- A. could not persist because wages would rise to eliminate the surplus of labor.
- B. could not persist because wages would fall to eliminate the surplus of labor.
- C. could be eliminated through fiscal and monetary policies.
- D. could be eliminated only through government intervention.
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Elementary Statistics
Authors: Robert R. Johnson, Patricia J. Kuby
11th Edition
978-053873350, 9781133169321, 538733500, 1133169325, 978-0538733502
