The statement that ________ is a positive statement. A) more ...

[pragya sharda]

The statement that ________ is a positive statement.
 
  A) more students should study economics
  B) the price of gasoline is too high
  C) too many people in the United States have no health care insurance
  D) the price of sugar in the United States is higher than the price in Australia

Question 2

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

[wergv]

Answer to Question 1

D

Answer to Question 2

C