.When an economy has an aggregate expenditure of $150 billion and the real GDP of $140 billion, then households bought fewer new homes than they anticipated. Select one:True or False

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter11: Fiscal Policy And The Federal Budget
Section: Chapter Questions
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2.When an economy has an aggregate expenditure of $150 billion and the real GDP of $140 billion, then households bought fewer new homes than they anticipated.

Select one:True or False

3. Even though both fiscal and monetary policies experience time lags, there are long time lags associated with the legislative process in implementing a fiscal policy which makes it more difficult to use than monetary policy.

Select one:True or False

4.In an open economy, like Australia, fiscal policies are more effective than monetary policies when reducing the business cycle fluctuations.

Select one: True or False

5.Technological change will shift up the per-worker production function and enable countries to have sustained economic growth.

Select one:True or False

Ans all.. otherwise don't ans

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