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

Author Question: Suppose the economy currently has an inflationary ga A) decrease aggregate demand, decrease ... (Read 60 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
on: Jun 30, 2018
Suppose the economy currently has an inflationary ga
 
  A) decrease aggregate demand, decrease prices, and decrease real GDP.
  B) increase short-run aggregate supply, decrease prices and increase real GDP.
  C) increase short-run aggregate supply, decrease in prices and decrease in real GDP.
  D) decrease aggregate demand, decrease prices, and increase real GDP.

Question 2

Refer to the scenario above. Using 2012 as the base year, what is the real GDP of the economy in 2013?
 
  A) 49,500 B) 55,000 C) 47,000 D) 56,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JYan

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


scienceeasy

  • Member
  • Posts: 565
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

The answer to “What is the proper role of children in an economy?” varies by social class, ... The answer to “What is the proper role of children in an economy?” varies by social class, ...
Creating a Continental Economy Creating a Continental Economy
The Importance in the World Fossil Fuel Economy The Importance in the World Fossil Fuel Economy
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Functional zones in a mitochondrion

For a complete list of videos, visit our video library