In the fixed-price Keynesian model, what would be the impact of an increase in aggregate expenditure on the aggregate demand curve and real GDP?
a. The aggregate demand curve would shift rightward and real GDP would increase.
b. The aggregate demand curve would shift leftward and real GDP would decrease.
c. The aggregate demand curve would shift rightward and real GDP would decrease.
d. The aggregate demand curve would shift leftward and real GDP would increase.
e. The aggregate demand curve and real GDP would both remain constant.
a
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Refer to the scenario above. This game ________
A) has a unique Nash equilibrium B) has a unique dominant strategy equilibrium C) does not have a dominant strategy equilibrium D) does not have a Nash equilibrium
Bill Gates' recent purchase of a new Rolls-Royce automobile produced in Great Britain will:
a. increase the gross domestic product of the United States. b. have no effect on either country's GDP. c. decrease Great Britain's GDP. d. increase the net export component of U.S. gross domestic product. e. have to be subtracted from the U.S. GDP.