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

Author Question: In long-run macroeconomic equilibrium A) real GDP equals potential GDP. B) the price level is ... (Read 121 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jun 29, 2018
In long-run macroeconomic equilibrium
 
  A) real GDP equals potential GDP.
  B) the price level is fixed and aggregate demand determines real GDP.
  C) real GDP and the price level are determined by short-run aggregate supply and aggregate demand and long-run aggregate supply is irrelevant.
  D) real GDP is less than potential GDP.

Question 2

Which of the following is included in a nation's current account?
 
  I. the import of services
  II. a change of foreign currency holdings
  III. net transfers, such as foreign aid payments
  A) I and III
  B) I and II
  C) II and III
  D) III only


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


james0929

  • Member
  • Posts: 586
Reply 2 on: Jun 29, 2018
:D TYSM

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Bururi long-fingered frog (Cardioglossa cyaneospila) Bururi long-fingered frog (Cardioglossa cyaneospila)
This girl has a long leg cast, which was applied after surgery to correct her clubfoot. This girl has a long leg cast, which was applied after surgery to correct her clubfoot.
Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
The averaging of an auditory evoked potential. Averaging increases the signal-to-noise ratio. The averaging of an auditory evoked potential. Averaging increases the signal-to-noise ratio.
How to use the discriminant to determine the value of k in a quadratic with no real roots How to use the discriminant to determine the value of k in a quadratic with no real roots
Small local hydroelectric power generators have more future potential Small local hydroelectric power generators have more future potential
Video: Gas exchange - driving force

For a complete list of videos, visit our video library