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Author Question: In the above figure, point B represents A) a recessionary gap. B) a full-employment equilibrium. ... (Read 44 times)

audragclark

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on: Jun 29, 2018
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


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beccamahon

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

B

Answer to Question 2

C


audragclark

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

smrtceo

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Reply 3 on: Yesterday
Excellent

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