This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Gross domestic product is the total dollar value at current prices of all final and intermediate ... (Read 61 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
on: Jun 30, 2018
Gross domestic product is the total dollar value at current prices of all final and intermediate goods produced by a nation during a given time period.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

According to classical theory, if the aggregate demand curve decreased and the economy experienced unemployment, then:
 a. the economy would remain in this condition indefinitely.
  b. the government must increase spending to restore full employment.
  c. prices and wages would fall quickly to restore full employment.
  d. the supply of money would increase until the economy returned to full employment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


lindiwe

  • Hero Member
  • *****
  • Posts: 577
Reply #2 on: Jun 30, 2018
Correct answers!


batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
Concentric double-pipe heat exchanger for counter-current flow Concentric double-pipe heat exchanger for counter-current flow
Find derivative using product rule Find derivative using product rule
Explain how it can be desirable from an intertemporal perspective for a country run a current ... Explain how it can be desirable from an intertemporal perspective for a country run a current ...
Current intensity and the frequency of action potentials Current intensity and the frequency of action potentials
The functional role of pRB. The pRB protein product of RB1 The functional role of pRB. The pRB protein product of RB1
Video: Non-polar compounds - insolubility

For a complete list of videos, visit our video library