This topic contains a solution. Click here to go to the answer

Author Question: If prices have increased since the base period, then A) real GDP is larger than nominal GDP. B) ... (Read 157 times)

WWatsford

  • Hero Member
  • *****
  • Posts: 539
    • Biology Forums!
If prices have increased since the base period, then
 
  A) real GDP is larger than nominal GDP.
  B) real GDP can no longer be compared to nominal GDP.
  C) real GDP is equal to nominal GDP.
  D) real GDP is smaller than nominal GDP.
  E) there is no way to adjust nominal GDP so that it equals real GDP.

Question 2

During a(n) ________ the demand for money decreases because ________.
 
  A) recession; the price level rises
  B) recession; real GDP decreases
  C) equilibrium; real GDP decreases
  D) recession; nominal GDP increases
  E) expansion; real GDP decreases



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vkodali

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

D

Answer to Question 2

B




WWatsford

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

For a complete list of videos, visit our video library