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

Author Question: If you have 5000 and the GDP deflator decreases from 100 to 80 A) the 5000 will buy 20 percent ... (Read 162 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jun 30, 2018
If you have 5000 and the GDP deflator decreases from 100 to 80
 
  A) the 5000 will buy 20 percent more of the goods and services produced by society.
  B) the value of the 5000 remains constant.
  C) the 5000 will buy 20 percent less of the goods and services produced by society.
  D) the value of the 5000 decreases.

Question 2

Which one of the following statements is NOT true?
 
  A) The classical model assumes that people suffer from money illusion.
  B) The classical model assumes that no single seller of a commodity can affect its price.
  C) The classical model assumes that pure competition exists.
  D) The classical model assumes that people are motivated by self-interest.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


Charlie

  • Hero Member
  • *****
  • Posts: 640
Reply #2 on: Jun 30, 2018
Thank you :)


smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jun 30, 2018
Happy to help you


« 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?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

How would you rate your overall health?” The percent of adults answering “excellent” or ... How would you rate your overall health?” The percent of adults answering “excellent” or ...
Harlem’s Promise Academy has a record of graduating and sending to college more than 90 percent ... Harlem’s Promise Academy has a record of graduating and sending to college more than 90 percent ...
How to solve simple percent word problems (Part 1) How to solve simple percent word problems (Part 1)
Convert percent to Fraction Convert percent to Fraction
When a 2.75-kg fan, having blades 18.5 cm long, is turned off, its angular speed decreases ... When a 2.75-kg fan, having blades 18.5 cm long, is turned off, its angular speed decreases ...
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library