In long-run macroeconomic equilibrium A) real GDP equals ...

[james0929]

In long-run macroeconomic equilibrium
 
  A) real GDP equals potential GDP.
  B) the price level is fixed and aggregate demand determines real GDP.
  C) real GDP and the price level are determined by short-run aggregate supply and aggregate demand and long-run aggregate supply is irrelevant.
  D) real GDP is less than potential GDP.

Question 2

Which of the following is included in a nation's current account?
 
  I. the import of services
  II. a change of foreign currency holdings
  III. net transfers, such as foreign aid payments
  A) I and III
  B) I and II
  C) II and III
  D) III only

[jojobee318]

Answer to Question 1

A

Answer to Question 2

A

[james0929]

Thanks for the timely response, appreciate it

[jamesnevil303]

Wow, this really help