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Author Question: Nominal GDP is greater than GDP because of the effects of inflation as measured by the GDP chain ... (Read 15 times)

jCorn1234

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on: Jun 30, 2018
Nominal GDP is greater than GDP because of the effects of inflation as measured by the GDP chain price index.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The full employment level of real GDP can be represented on an aggregate supply and demand diagram as a(n):
 a. vertical line.
  b. upward-sloping line.
  c. horizontal line.
  d. downward-sloping line.


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scikid

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

True

Answer to Question 2

a


jCorn1234

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  • Posts: 545
Reply 2 on: Jun 30, 2018
Excellent

lkanara2

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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