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Author Question: When a 13-year-old girl consents to babysit John's children for 5 per hour, economists assume A) ... (Read 70 times)

sabina

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on: Jun 29, 2018
When a 13-year-old girl consents to babysit John's children for 5 per hour, economists assume
 
  A) the girl was made worse off while John was made better off.
  B) the girl was made better off while John was made worse off.
  C) both parties were made worse off.
  D) both parties were made better off.

Question 2

Which of the following is true?
 
  A) Real GDP fluctuates around potential GDP.
  B) Potential GDP fluctuates around real GDP.
  C) Nominal GDP fluctuates around real GDP.
  D) Real GDP fluctuates around nominal GDP.
  E) When real GDP equals potential GDP, both equal nominal GDP.


elizabethrperez

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

D

Answer to Question 2

A


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