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Author Question: In the above figure, real GDP at full employment is A) 16 trillion. B) 16.5 trillion. C) more ... (Read 45 times)

altibaby

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  • Posts: 562
on: Jun 29, 2018
In the above figure, real GDP at full employment is
 
  A) 16 trillion.
  B) 16.5 trillion.
  C) more than 16 and less than 16.5 trillion.
  D) None of the above answers is correct.

Question 2

If the cross elasticity of demand between goods A and B is positive
 
  A) the demands for A and B are both price elastic.
  B) the demands for A and B are both price inelastic.
  C) A and B are complements.
  D) A and B are substitutes.


aruss1303

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  • Posts: 314
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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