When there is positive inflation, A) growth in nominal GDP ...

[stephzh]

When there is positive inflation,
 
  A) growth in nominal GDP exceeds growth in real GDP.
  B) growth in real GDP exceeds growth in nominal GDP.
  C) growth in real GDP and nominal GDP are roughly equal.
  D) there can never be any growth in nominal GDP.

Question 2

The marginal product of labor indicates ________. Therefore the MPL curve is also ________.
 
  A) the quantity of labor supplied for a given wage; the equilibrium price of labor
  B) the quantity of labor demanded for a given wage; the equilibrium price of labor
  C) the quantity of labor demanded for a given wage; the demand curve of labor
  D) the quantity of labor supplied for a given wage; the supply curve of labor
  E) none of the above

[l.stuut]

Answer to Question 1

A

Answer to Question 2

C

[stephzh]

Thanks for the timely response, appreciate it

[diana chang]

TYSM