When calculating how much changes in the money supply will change ...

[sarasara]

When calculating how much changes in the money supply will change nominal GDP, we use the money multiplier instead of the spending multiplier.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

For a given shift of the aggregate demand curve, the steeper the short-run aggregate supply curve, the larger the change in real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

[chreslie]

Answer to Question 1

False

Answer to Question 2

False