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Author Question: Suppose the economy currently has an inflationary ga A) decrease aggregate demand, decrease ... (Read 61 times)

scienceeasy

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on: Jun 30, 2018
Suppose the economy currently has an inflationary ga
 
  A) decrease aggregate demand, decrease prices, and decrease real GDP.
  B) increase short-run aggregate supply, decrease prices and increase real GDP.
  C) increase short-run aggregate supply, decrease in prices and decrease in real GDP.
  D) decrease aggregate demand, decrease prices, and increase real GDP.

Question 2

Refer to the scenario above. Using 2012 as the base year, what is the real GDP of the economy in 2013?
 
  A) 49,500 B) 55,000 C) 47,000 D) 56,000


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JYan

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


scienceeasy

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

tuate

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Reply 3 on: Yesterday
Excellent

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