Assuming an inflationary gap exists, classical economists believe ...

[bobbysung]

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

[KKcool]

Answer to Question 1

True

Answer to Question 2

True

[bobbysung]

Gracias!

[Viet Thy]

Thanks for the timely response, appreciate it