« previous next »

Author Question: What is the natural level of output?[br][br][b][color=#347235]Question 2[/color][/b][br][br]Suppose ... (Read 77 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jun 30, 2018
What is the natural level of output?

Question 2

Suppose the real interest rate in the economy is 3 and the nominal interest rate is 6, what is the current inflation rate?
 a. 18
  b. 9
  c. 2
  d. 3
  e. 2.5


blfontai

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

It is the level of output in the long run where aggregate supply is vertical with respect to changes in the price level. This position is determined by the natural level of output, which reflects the levels of capital, land, labor, and technology in the economy.

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic. Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic.
An analogy for how cardiac output, resistance, and blood pressure are related. An analogy for how cardiac output, resistance, and blood pressure are related.
Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ... Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ...
How to integrate trigonometric functions containing both tangent and secant (Question 2) How to integrate trigonometric functions containing both tangent and secant (Question 2)
economic question economic question
Binomial-probability calculation of seed-color phenotype in six-seeded pods Binomial-probability calculation of seed-color phenotype in six-seeded pods
Video: Proteins

For a complete list of videos, visit our video library