This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The level of real GDP in the long run is A) potential GDP. B) determined solely by aggregate ... (Read 156 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
The level of real GDP in the long run is
 
  A) potential GDP.
  B) determined solely by aggregate demand.
  C) affected by changes in the price level.
  D) the same as the level of nominal GDP in the long run.

Question 2

Suppose you withdraw 1,000 from your savings account and put it in your checking account. Briefly explain how this will affect M1 and M2.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Athena23

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

M2 will not change and M1 will rise by 1,000. Going from a savings account to checking account would raise M1, but both are part of M2, so M2 would not change.


nummyann

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

How many potential risks to the health of the embryo and fetus might a mother encounter in an urban ... How many potential risks to the health of the embryo and fetus might a mother encounter in an urban ...
Sea-Level Rise Sea-Level Rise
The Nile Delta will be strongly affected by a rise in sea level of 50 cm The Nile Delta will be strongly affected by a rise in sea level of 50 cm
Denney's model ON actual level of performance on exercised and unexercised abilities Denney's model ON actual level of performance on exercised and unexercised abilities
Please help me with a Real Estate Course Problem Please help me with a Real Estate Course Problem
Demographic transition model for changes in population growth rates and sizes, correlated with long- Demographic transition model for changes in population growth rates and sizes, correlated with long-
Video: What is an ecosystem?

For a complete list of videos, visit our video library