Question and answer
1. In the circular flow model, the value of total income for an economy _____ the value of total production.
In the circular flow model, the value of total income for an economy EQUALS the value of total production.
Expert answered|jeifunk|Points 13433|
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Asked 1/22/2014 10:23:57 AM
Updated 1/22/2014 10:54:00 AM
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Confirmed by yumdrea [1/22/2014 10:54:00 AM]
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2. The GDP deflator is a measure of the
Weegy: Deflator is defined as a statistical tool used to convert current dollars into inflation-adjusted dollars, [ in order to compare prices over time after factoring out the overall effects of inflation. Read more: ] User: 3. The period between a business cycle peak and a business cycle trough is called Weegy: The period between a business cycle peak and a business cycle trough is called the contractionary phase (More)
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Expert Answered
Updated 1/22/2014 8:11:52 PM
1 Answer/Comment
The GDP deflator is an economic measure that tracks the cost of goods produced in an economy relative to the purchasing power of the dollar.
Added 1/22/2014 8:11:52 PM
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Confirmed by Kaysha [1/22/2014 8:16:24 PM], Rated good by Kaysha
what does The law of increasing opportunity costs states
Question
Updated 1/22/2014 3:27:02 PM
1 Answer/Comment
The Law of Increasing Opportunity Costs states that as you increase production of one good, the opportunity cost to produced the additional good will increase.

Added 1/22/2014 3:27:02 PM
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Rated good by andrewpallarca, Confirmed by andrewpallarca [1/22/2014 3:29:29 PM]
Expansionary policy
Weegy: An example of expansionary fiscal policy would be Answer. A decrease in government spending and increase in taxes User: Contractionary policy Weegy: Expansionary monetary policy is simply a policy which expands (increases) the supply of money, whereas contractionary monetary policy contracts (decreases) the supply of a country's currency. User: how does a stimulus program (through the money multiplier) affect the money supply (More)
Question
Updated 1/17/2014 2:23:06 PM
2 Answers/Comments

'Expansionary Policy'

A macroeconomic policy that seeks to expand the money supply to encourage economic growth or combat inflation (price increases).

Added 1/17/2014 2:19:28 PM
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A contractionary policy is a kind of policy which lays emphasis on reduction in the level of money supply for a lesser spending and investment thereafter so as to slow down an economy.

Added 1/17/2014 2:23:03 PM
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