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Author Question: Which of the following is most likely to shift the potential output of an economy to the right? a. ... (Read 6 times)

penguins

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on: Jun 30, 2018
Which of the following is most likely to shift the potential output of an economy to the right?
 a. A decline in the length of the average workweek
 b. An increase in the supply of educated and skilled workers
  c. A drought
 d. An increase in aggregate demand
 e. An increase in the minimum wage received by workers

Question 2

The equation of exchange states that the quantity of money multiplied by the velocity of money equals:
 a. real Gross Domestic Product.
 b. the price level.
 c. nominal Gross Domestic Product.
  d. the turnover rate.
 e. the demand for money.


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samiel-sayed

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

b

Answer to Question 2

c


penguins

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

bigcheese9

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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