Refer to Table 16-1. Consider the hypothetical information in the table above for potential real GDP, real GDP, and the price level in 2016 and in 2017 if Congress and the president do not use fiscal policy

If Congress and the president want to keep real GDP at its potential level in 2017, they should
A) decrease government purchases. B) decrease income taxes.
C) increase the level of interest rates. D) decrease the money supply.

B

Economics

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Refer to above Table 2-1. What is the total amount of leakages?

A) 530 B) 1080 C) 970 D) 550

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In the long run, producers do not incur any fixed cost as all inputs are variable

Indicate whether the statement is true or false

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