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Author Question: In any year, real GDP A) must always be less than potential GDP. B) might be greater or less ... (Read 40 times)

roselinechinyere27m

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on: Jun 29, 2018
In any year, real GDP
 
  A) must always be less than potential GDP.
  B) might be greater or less than potential GDP.
  C) will always be greater than potential GDP because of the tendency of nations to incur inflation.
  D) always equals potential GDP.

Question 2

Which of the following shifts both the LAS and SAS curves?
 
  A) a change in the price level
  B) a change in the money wage rate
  C) a simultaneous change in both the price level and the money wage rate
  D) an advance in technology


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amit

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

B

Answer to Question 2

D


roselinechinyere27m

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

at

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Reply 3 on: Yesterday
Excellent

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