« previous next »

Author Question: Nominal gross domestic product is based on the existing prices at which final goods are actually ... (Read 51 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
Nominal gross domestic product is based on the existing prices at which final goods are actually sold.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the vertical segment of the aggregate supply curve,
 a. different levels of GDP correspond with high unemployment.
  b. competition among producers for already-employed resources can succeed only in lowering the economy's price level.
  c. full employment is achieved.
  d. producers are able to hire more workers at lower wages.
  e. increases in GDP are due solely to production gains.


ashely1112

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Classification of life histories based on juvenile survival, fecundity, and age at reproductive matu Classification of life histories based on juvenile survival, fecundity, and age at reproductive matu
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Based on this figure, what pathway is used during urinary catheterization, in which a tube is ... Based on this figure, what pathway is used during urinary catheterization, in which a tube is ...
Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library