You are given the following information about aggregate demand at the existing price level for an economy:
(1) consumption = $500 billion,
(2) investment = $50 billion,
(3) government purchases = $100 billion, and
(4) net export = $20 billion. if the full-employment level of gdp for this economy is $620 billion, then what combination of actions would be most consistent with closing the gdp gap here?
a. increase government spending and taxesb. decrease government spending and taxesc. decrease government spending and increase taxesd. increase government spending and decrease taxes
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 11:40, avagracegirlp17zx2
On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment
Answers: 3
Business, 22.06.2019 20:20, dd123984
Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.
Answers: 2
Business, 22.06.2019 23:00, dededese2403
Which of the following represents an unlimited queue? a. toll booth serving automobiles on the interstateb. drive through lane at a fast food restaurantc. faculty office with limited seating during office hoursd. restaurant with no outside seating and limited capacity due to fire departments restrictionse. small barbershop with only 5 chairs for waiting customers
Answers: 3
Do you know the correct answer?
You are given the following information about aggregate demand at the existing price level for an ec...
Questions in other subjects:
Mathematics, 17.02.2020 21:33
Mathematics, 17.02.2020 21:33
Biology, 17.02.2020 21:33
History, 17.02.2020 21:33
