Real GDP per person falls during a devastating recession, which in turn causes consumption to fall by 5%. Would giving everyone 5% more income during the recession offset the changes to consumption? Giving everyone 5% extra income would offset the 5% fall in consumption because people will spend of each extra dollar.

Which of the following best describes the purpose of raising and lowering the required reserve ratio? a. to make sure that government spending does not result in either a surplus or deficit. b. to stimulate economic growth by making it less expensive for producers to get loans. c. to manage the economy by increasing or decreasing the amount of loans being made. d. to regulate the activity of private banks to assure an equitable distribution of wealth. 2b2t

Blank is the internal operation that arranges information resources to support business performance and outcomes

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.