This topic contains a solution. Click here to go to the answer

Author Question: In the above figure, point B represents A) a recessionary gap. B) a full-employment equilibrium. ... (Read 34 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
In the above figure, point B represents
 
  A) a recessionary gap.
  B) a full-employment equilibrium.
  C) an inflationary gap.
  D) a decrease in aggregate demand.

Question 2

The quantity of real money demanded is
 
  A) negatively related to the price level.
  B) positively related to the price level.
  C) independent of the price level.
  D) proportional to the price level



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

beccamahon

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

B

Answer to Question 2

C




audragclark

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Wow, this really help


lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

For a complete list of videos, visit our video library