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

Author Question: If nominal GDP rises we can say that A) production has risen and prices remain constant. B) ... (Read 104 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
on: Jun 29, 2018
If nominal GDP rises we can say that
 
  A) production has risen and prices remain constant.
  B) prices have risen and production remains constant.
  C) production has fallen and prices have risen.
  D) production has risen or prices have risen or both have risen.

Question 2

Refer to Figure 26-7. Suppose the Fed sells Treasury Bills in pursuit of contractionary monetary policy. Using the static AD-AS model in the figure above, this situation would be depicted as a movement from
 
  A) B to C. B) C to B. C) B to D. D) C to D. E) A to B.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gstein359

  • Sr. Member
  • ****
  • Posts: 293
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


shofmannx20

  • Hero Member
  • *****
  • Posts: 562
Reply #2 on: Jun 29, 2018
Correct answers!


gstein359

  • Sr. Member
  • ****
  • Posts: 293
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
Products like Beano contain enzymes that help reduce the production of gas in the large intestine Products like Beano contain enzymes that help reduce the production of gas in the large intestine
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
Converting the universal gas constant Converting the universal gas constant
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Nervous pathway to the Neuromuscular (NMJ)

For a complete list of videos, visit our video library