How does the spending multiplier compare between a $1,000 increase in government spending and a $1,000 decrease in taxes collected? question 8 options: a) neither an increase in government spending nor a decrease in taxes generates any multiplier at all. b) an increase in government spending has the same spending multiplier as an equivalent tax decrease. c) an increase in government spending has a greater spending multiplier than an equivalent tax decrease. d) an increase in government spending has a smaller spending multiplier than an equivalent tax decrease.

15 1/2 years old in california

answer; commerce clearing house;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.