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

Author Question: According to the AS-AD model, when real GDP is less than potential GDP, the unemployment rate is ... (Read 82 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Jun 29, 2018
According to the AS-AD model, when real GDP is less than potential GDP, the unemployment rate is definitely
 
  A) equal to the natural unemployment rate.
  B) rising.
  C) falling.
  D) greater than the natural unemployment rate.
  E) less than the natural unemployment rate.

Question 2

If the economy is on its short-run Phillips curve at the natural unemployment rate, then in the AS-AD model, real GDP is definitely
 
  A) decreasing.
  B) greater than potential GDP.
  C) less than potential GDP.
  D) increasing.
  E) equal to potential GDP.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

E


dbose

  • Member
  • Posts: 597
Reply 2 on: Jun 29, 2018
:D TYSM

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
Action potential conduction in unmyelinated axons. Action potential conduction in unmyelinated axons.
The action potential. The action potential.
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho
James Watson and Francis Crick’s metal-and wire model of DNA James Watson and Francis Crick’s metal-and wire model of DNA
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library