In Figure 7-5, a fiscal expansion from point A with no initial change in the nom

Question

In Figure 7-5, a fiscal expansion from point A with no initial change in the nominal wage causes a movement to point

A) C.   B) E.    C) F.    D) D.   E) B.

In Figure 7-5 above, from initial point E, suppose AD1 shifts to AD0. Under the assumptions of classical macroeconomics, we would

A) almost immediately move to and then stay at point B.

B) almost immediately move to and then stay at point A.

C) almost immediately move to and then stay at point F.

D) stay at point E.

Foreign borrowing is

A) I + NX.       B) S + (T - G). C) -NX.           D) (T - G).

In Figure 7-5, a fiscal expansion from point A with no initial change in the nominal wage causes a movement to point A) C. B) E. C) F. D) D. E) B. In Figure 7-5 above, from initial point E, suppose AD1 shifts to AD0. Under the assumptions of classical macroeconomics, we would A) almost immediately move to and then stay at point B. B) almost immediately move to and then stay at point A. C) almost immediately move to and then stay at point F. D) stay at point E. Foreign borrowing is A) I + NX. B) S + (T - G). C) -NX. D) (T - G).

Explanation / Answer

1)

a) C

2)

B

3)

C

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