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Author Question: When per capita real GDP is increasing, real output is growing: a. more rapidly than prices. b. ... (Read 75 times)

PhilipSeeMore

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on: Jun 30, 2018
When per capita real GDP is increasing, real output is growing:
 a. more rapidly than prices. b. more rapidly than population.
  c. less rapidly than prices. d. less rapidly than population.

Question 2

Assume that an inflationary gap must be closed by reducing aggregate expenditures. If consumers refuse to cut spending on consumption and producers won't cut demand for investment goods, the President:
 a. can do nothing.
  b. must build more roads.
  c. must borrow from Wall Street.
  d. must increase Social Security expenditures.
  e. must cut government spending.


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BUTTHOL369

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

b

Answer to Question 2

e


PhilipSeeMore

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Reply 2 on: Jun 30, 2018
:D TYSM

tanna.moeller

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

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