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

Author Question: The intersection of the aggregate demand and the aggregate supply curve defines the equilibrium ... (Read 97 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
on: Jun 30, 2018
The intersection of the aggregate demand and the aggregate supply curve defines the equilibrium level of _____ and the price level.
 a. real interest rate
  b. nominal interest rate
  c. nominal GDP
  d. real GDP
  e. unemployment

Question 2

Positive statements are:
 a. prescriptive, making claims about how the world ought to be.
  b. descriptive, making claims about how the world is.
 c. optimistic, putting the best possible interpretation on things.
  d. affirmative, justifying existing economic policy.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


sabina

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
Excellent

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Blood Supply of the Liver Blood Supply of the Liver
Sine Cosine Intersection Sine Cosine Intersection
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Electrical changes in the heart

For a complete list of videos, visit our video library