This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Compensation of employees is the largest component of GDP using the income approach. a. True b. ... (Read 80 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
Compensation of employees is the largest component of GDP using the income approach.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

According to classical macroeconomic theory, if real GDP is below the full-employment level, then an increase in aggregate demand will result in which of the following changes in equilibrium?
 a. Real GDP will rise, but the price level will remain constant.
  b. Real GDP and the price level will both rise.
  c. Real GDP will remain unchanged but the price level will rise.
  d. None of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jane

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


Cooldude101

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Approach used to determine the evolutionary relationships among many animal species using molecular Approach used to determine the evolutionary relationships among many animal species using molecular
True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
How Health Interacts with Income How Health Interacts with Income
Percentage of higher-income Canadian households Percentage of higher-income Canadian households
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library