Assume the economy is operating at a real GDP above ...

[HCHenry]

Assume the economy is operating at a real GDP above full-employment real GDP. Classical economists would prescribe which of the following policies?
 a. Nonintervention
 b. Active monetary policy
  c. Contractionary
 d. Expansionary

Question 2

If the GDP chain price index in a given year is less than 100, real GDP in that year would be greater than nominal GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

[trampas]

Answer to Question 1

a

Answer to Question 2

True

[HCHenry]

Excellent

[mohan]

Thanks for the timely response, appreciate it