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

Author Question: ________ refers to a period when the ________ decreases. A) Recession; growth rate of nominal GDP ... (Read 36 times)

kwoodring

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
________ refers to a period when the ________ decreases.
 
  A) Recession; growth rate of nominal GDP
  B) Recession; growth rate of output per person
  C) Productivity growth slowdown; growth rate of real GDP
  D) Productivity growth slowdown; growth rate of output per person

Question 2

In the market for magazines, the income effect means that
 
  A) magazines are usually purchased by people with higher than average incomes.
  B) a decrease in the price of a substitute product like books will make magazine readers feel a little poorer than they were before.
  C) an increase in the price of magazines will reduce the total purchasing power of magazine readers, making them able to afford fewer magazines.
  D) an increase in the price of magazines will raise the relative price of magazines to books, causing magazine readers to read more books and fewer magazines.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mohan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


kwoodring

  • Member
  • Posts: 560
Reply 2 on: Jun 29, 2018
Wow, this really help

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

The epidermal growth factor (EGF) pathway that promotes cell division The epidermal growth factor (EGF) pathway that promotes cell division
Exponential population growth. Exponential population growth.
The secular trend in growth as measured in Swedish (a) girls and (b) boys between 1883 and 1968. The secular trend in growth as measured in Swedish (a) girls and (b) boys between 1883 and 1968.
Growth and quality of life Growth and quality of life
Psychology for Living: Adjustment, Growth, and Behavior Today 11th Psychology for Living: Adjustment, Growth, and Behavior Today 11th
The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library