« previous next »

Author Question: Given the aggregate demand curve, a beneficial supply shock will: a. increase potential output and ... (Read 63 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
Given the aggregate demand curve, a beneficial supply shock will:
 a. increase potential output and the price level.
 b. decrease potential output and the price level.
 c. increase potential output and decrease the price level.
  d. decrease potential output and increase the price level.
  e. cause no change in potential output or the price level.

Question 2

If the money supply in an economy is 300, the price level is 4, and real GDP is 1,500, what is the nominal value of output?
 a. 1,200
 b. 4,500
 c. 6,000
 d. 180,000
  e. 500


Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Potential gas reserves have increased significantly with the discovery of new shale gas formations Potential gas reserves have increased significantly with the discovery of new shale gas formations
At what speed does Grogzetti need to take the curve to avoid sliding? At what speed does Grogzetti need to take the curve to avoid sliding?
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library