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Author Question: Actual output can exceed the economy's potential both in the short run and the long run. a. True ... (Read 53 times)

bobbysung

  • Hero Member
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  • Posts: 519
on: Jun 30, 2018
Actual output can exceed the economy's potential both in the short run and the long run.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following would cause an increase in the velocity of money?
 a. An increase in the use of credit cards
 b. An increase in the money supply
 c. An increase in the demand for money
 d. A decrease in the rate of interest
 e. A decrease in nominal GDP and a constant money supply


shewald78

  • Sr. Member
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  • Posts: 340
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

a


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