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Author Question: If a nation remains poor over time, it could be that: a. c and e. b. d and e. c. the population ... (Read 49 times)

vHAUNG6011

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on: Jun 30, 2018
If a nation remains poor over time, it could be that:
 a. c and e.
  b. d and e.
  c. the population growth rate is at least as much as the national GDP growth rate.
  d. the per capita real GDP growth rate is larger than the population growth rate.
  e. the national real GDP growth rate is lower than the population growth rate.

Question 2

Long-run full-employment equilibrium assumes:
 a. a downward-sloping production function.
  b. a downward-sloping long-run supply curve (LRAS).
 c. the CPI index price level equals the equilibrium wage rate.
 d. the CPI equals aggregate demand (AD) equals short-run aggregate supply (SRAS) equals long-run aggregate supply (LRAS).


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ms_sulzle

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


vHAUNG6011

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

jojobee318

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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