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Author Question: The nominal GDP of Year 1 is A) 800. B) 1050. C) 1900. D) ... (Read 110 times)

jhjkgdfhk

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on: Jun 30, 2018
The nominal GDP of Year 1 is
 
  A) 800.
  B) 1050.
  C) 1900.
  D) 2400.

Question 2

Refer to Figure 12.4. Since the housing bubble burst and the economy returned to its initial, pre-bubble level before the corrective policy changed output, the impact of the change in policy is best represented as a movement from
 
  A) point A to point B.
  B) point C to point D.
  C) point B to point D.
  D) point C to point B.


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cegalasso

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

A

Answer to Question 2

B


jhjkgdfhk

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Reply #2 on: Jun 30, 2018
Thank you :)


cegalasso

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Reply #3 on: Jun 30, 2018
Happy to help you


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