« previous next »

Author Question: A GDP price chain price index number of 120.0 for a given year indicates that prices in that year ... (Read 74 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
A GDP price chain price index number of 120.0 for a given year indicates that prices in that year are 20 percent higher than prices in the base year.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the aggregate demand and aggregate supply model,
 a. the factors that cause the demand curves in both models to slope downward are the same.
  b. the factors that cause the supply curves in both models to slope upward are the same.
  c. the upward-sloping aggregate demand curve intersects the downward-sloping aggregate supply curve to determine the economy's price level and GDP.
  d. the upward-sloping aggregate supply curve intersects the downward-sloping aggregate demand curve to determine the economy's price level and GDP.
  e. the price level never changes even with shifts in aggregate demand and aggregate supply.


leeeep

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
Body mass index table. Body mass index table.
Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ... Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ...
Cranial polarization. Lightly place both thumbs on the anterior fontanel, with both index fingers ... Cranial polarization. Lightly place both thumbs on the anterior fontanel, with both index fingers ...
Correlations between scores on a psychology test and number of boiled kumquats eaten per month Correlations between scores on a psychology test and number of boiled kumquats eaten per month
Video: DNA fingerprinting Animation

For a complete list of videos, visit our video library