It is true that: equal increases in government spending and taxes do not change the equilibrium GDP. equal increases in government spending and…

1. It is true that: A. equal increases in government spending and taxes do not change the equilibrium GDP.B. equal increases in government spending and taxes reduce the equilibrium GDP.C. equal increases in government spending and taxes increase the equilibrium GDP.D. taxes have a stronger effect upon equilibrium GDP than do government purchases. 2. What will be the effect of an excess of planned investment over saving in a private closed economy with unemployed resources? A. a decline in the rate of interestB. an unintended accumulation of inventories by businessesC. a rise in the real GDPD. the Federal budget will automatically move toward a deficit 3. All of the following are economic implications of the recent rise in the average rate of productivity growth except: A. a lower natural rate of unemployment.B. larger outward shifts of the economy’s production possibilities curve.C. an end to the business cycle.D. a greater rate of economic growth.9. The historical reallocation of labor from agriculture to manufacturing in the United States has: A. been inflationary.B. had no effect on the average productivity of labor.C. increased the average productivity of labor.D. reduced the average productivity of labor.14. The actual multiplier effect in the U.S. economy is less than the multiplier effect in the text examples because: A. the real-world MPS is larger than the MPS in the examples.B. in addition to saving, households use some of any increase in income to buy imported goods and to pay additional taxes.C. the gap between the nominal interest rate and the real interest rate widens as the economy expands or contracts.D. the MPC in the United States is greater than 1. 15. A private closed economy will expand when: A. actual GDP is less than potential GDP.B. unplanned decreases in inventories occur.C. aggregate expenditures are less than GDP.D. unplanned increases in inventories occur.19. Most economists agree that the immediate determinant of the volume of output and employment is the: A. composition of consumer spending.B. ratio of public goods to private goods production.C. level of total spending.D. size of the labor force.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10