What is the chain-weighted price index for GDP in the base year? A) 0 B) 1 C) 100 D) The ...

Author Question: What is the chain-weighted price index for GDP in the base year? A) 0 B) 1 C) 100 D) The ... (Read 76 times)

corkyiscool3328

Hero Member
Posts: 539

on: Jun 30, 2018

What is the chain-weighted price index for GDP in the base year?

A) 0
B) 1
C) 100
D) The answer depends on the price index for the current year.

Question 2

Which of the following would cause an increase in aggregate demand in the short run?

A) an increase in taxes B) an increase in the supply of money
C) a decrease in the price level D) a crop failure

Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7^th Edition

Buy Test-Bank

morganmarie791

Sr. Member
Posts: 336

Reply #1 on: Jun 30, 2018

Answer to Question 1

C

Answer to Question 2

B

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).