Author Question: The statement that ________ is a positive statement. A) more students should study economics B) ... (Read 41 times)

pragya sharda

  • Hero Member
  • *****
  • Posts: 566
The statement that ________ is a positive statement.
 
  A) more students should study economics
  B) the price of gasoline is too high
  C) too many people in the United States have no health care insurance
  D) the price of sugar in the United States is higher than the price in Australia

Question 2

In the short-run macroeconomic equilibrium
 
  A) real GDP equals potential GDP and aggregate demand determines the price level.
  B) the price level is fixed and short-run aggregate supply determines real GDP.
  C) real GDP and the price level are determined by short-run aggregate supply and aggregate demand.
  D) real GDP is always less than potential GDP.



wergv

  • Sr. Member
  • ****
  • Posts: 365
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

For a complete list of videos, visit our video library