What is the relationship between the slope of the aggregate expenditure curve and the expenditure multiplier?
What will be an ideal response?
The expenditure multiplier equals . This relationship exists regardless of the existence or absence of imports or income taxes.
Economics
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If nominal GDP is $14 trillion and real GDP is $12 trillion, the GDP deflator is:
A. 117. B. 114. C. 112. D. 86.
Economics
Good weather in wheat-producing regions of the world increased the wheat crop. As a result, wheat prices decreased worldwide. Which of the following statements best explains the situation?
a. The supply of wheat increased b. The demand for wheat decreased c. The demand for wheat decreased and the supply of wheat decreased d. The demand for wheat increased and the supply of wheat increased
Economics