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Author Question: Assuming an inflationary gap exists, classical economists believe that flexible wages will restore ... (Read 39 times)

bobbysung

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Assuming an inflationary gap exists, classical economists believe that flexible wages will restore full employment.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In any year, nominal GDP divided by the GDP chain price index equals real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false



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KKcool

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Answer to Question 1

True

Answer to Question 2

True




bobbysung

  • Member
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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


kishoreddi

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  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

 

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