« previous next »

Author Question: Nominal gross domestic product is based on the existing prices at which final goods are actually ... (Read 40 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
Nominal gross domestic product is based on the existing prices at which final goods are actually sold.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the vertical segment of the aggregate supply curve,
 a. different levels of GDP correspond with high unemployment.
  b. competition among producers for already-employed resources can succeed only in lowering the economy's price level.
  c. full employment is achieved.
  d. producers are able to hire more workers at lower wages.
  e. increases in GDP are due solely to production gains.


ashely1112

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

A domestic Muscovy Duck with wings outstretched A domestic Muscovy Duck with wings outstretched
How to use the product rule to find the derivative of a function How to use the product rule to find the derivative of a function
The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate
The four identity statuses proposed by Marcia, based on Erikson's theory The four identity statuses proposed by Marcia, based on Erikson's theory
Genome-wide SNP-based heritability for individual behavioral disorders Genome-wide SNP-based heritability for individual behavioral disorders
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Video: Hershey Chase Experiments

For a complete list of videos, visit our video library