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Author Question: Given a downward-sloping aggregate demand curve, if short-run aggregate supply increases, real GDP ... (Read 153 times)

123654777

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on: Jun 30, 2018
Given a downward-sloping aggregate demand curve, if short-run aggregate supply increases, real GDP must increase and nominal GDP must fall.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of these is most likely to lower the velocity of money?
 a. A commercial innovation that facilitates exchange
 b. A low inflation rate
 c. A decline in the effectiveness of money as a store of wealth
  d. A high inflation rate
 e. A weekly pay for workers instead of a monthly pay


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kjohnson

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

False

Answer to Question 2

b


123654777

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

daiying98

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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