Author Question: If the quantity of real GDP supplied equals the quantity of real GDP demanded, then A) nominal ... (Read 93 times)

corkyiscool3328 · **on:** Jun 29, 2018

If the quantity of real GDP supplied equals the quantity of real GDP demanded, then

A) nominal GDP must equal real GDP.
B) real GDP must equal potential GDP.
C) real GDP must be greater than potential GDP.
D) real GDP might be greater than, equal to, or less than potential GDP.
E) real GDP must be less than potential GDP.

Question 2

Which of the following is an example of signaling in a market with asymmetric information?

A) Certification of used cars by third parties
B) Rent controls imposed by the government
C) Discounts offered by sellers during the holiday season
D) Taxation of alcoholic beverages