T2GDPRefer to the diagram. Discretionary fiscal policy designed to expand GDP is illustrated byO A. the shift of curve T2 to T1.OB a movement from d to b along curve T1.OC. the shift of curve T1 to T2.O D. a movement from a to c along curve T2.Government Purchasesand Tax Revenues Quèstion 1In an open mixed economy, the inflationary expenditure gap may be described as theO A. excess of Sa + M+T over lg + X+ G at the full-employment GDP.O B. excess of GDP over Ca + lg +Xn + G at the full-employment output.OC excess of Ca + Ig + Xn + G at the full-employment GDP.O D. extra consumption that occurs when investment increases in a full-employment economy.

Answer In an associate economy, the govt. Will increase the value level by exploiting expansionary…

Answered: a movement from a to c along curve T2.

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Economics

a movement from a to c along curve T2.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

T2
GDP
Refer to the diagram. Discretionary fiscal policy designed to expand GDP is illustrated by
O A. the shift of curve T2 to T1.
OB a movement from d to b along curve T1.
OC. the shift of curve T1 to T2.
O D. a movement from a to c along curve T2.
Government Purchases
and Tax Revenues

Quèstion 1
In an open mixed economy, the inflationary expenditure gap may be described as the
O A. excess of Sa + M+T over lg + X+ G at the full-employment GDP.
O B. excess of GDP over Ca + lg +Xn + G at the full-employment output.
OC excess of Ca + Ig + Xn + G at the full-employment GDP.
O D. extra consumption that occurs when investment increases in a full-employment economy.

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