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Author Question: Refer to Figure 24-4. In the figure above, LRAS1 and SRAS1 denote LRAS and SRAS in year 1, while ... (Read 248 times)

karen

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on: Jun 29, 2018
Refer to Figure 24-4. In the figure above, LRAS1 and SRAS1 denote LRAS and SRAS in year 1, while LRAS2 and SRAS2 denote LRAS and SRAS in year 2. Given the economy is at point A in year 1, what is the growth rate in potential GDP in year 2?
 
  A) 8 B) 9.1 C) 10 D) 12

Question 2

Inflation redistributes income to a greater extent when the inflation is unanticipated compared to when the inflation is anticipated.
 
  Indicate whether the statement is true or false


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xiaomengxian

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


karen

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

flexer1n1

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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