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

Author Question: In any year, real GDP A) must always be less than potential GDP. B) might be greater or less ... (Read 36 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
In any year, real GDP
 
  A) must always be less than potential GDP.
  B) might be greater or less than potential GDP.
  C) will always be greater than potential GDP because of the tendency of nations to incur inflation.
  D) always equals potential GDP.

Question 2

Which of the following shifts both the LAS and SAS curves?
 
  A) a change in the price level
  B) a change in the money wage rate
  C) a simultaneous change in both the price level and the money wage rate
  D) an advance in technology


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce
Are reality shows “real”? Does the media tell the “truth”? Are reality shows “real”? Does the media tell the “truth”?
The action potential. The action potential.
Small local hydroelectric power generators have more future potential Small local hydroelectric power generators have more future potential
Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet
Action Potential Membrane Potential Action Potential Membrane Potential
Video: Homologous chromosomes during prophase I - Animation

For a complete list of videos, visit our video library