Author Question: If national real GDP grows at twice the rate of population growth, a. c and e. b. eventually there ... (Read 70 times)

Caiter2013 · **on:** Jun 30, 2018

If national real GDP grows at twice the rate of population growth,
a. c and e.
b. eventually there will be too much GDP.
c. per real capita GDP will double each year.
d. per real capita GDP will be reduced by half each year.
e. per real capita GDP growth will double each year.

Question 2

In the self-correcting AD-AS model, the economy's short-run equilibrium position is indicated by the intersection of which two curves?
a. Short-run aggregate supply and long-run aggregate supply.
b. Short-run aggregate supply and aggregate demand.
c. Long-run aggregate supply and aggregate demand.
d. Long-run aggregate demand and short-run personal consumption expenditures curve.
e. Short-run aggregate demand and long-run personal consumption expenditures curve.