The potential output of an economy is: a. the output level at ...

[eruditmonkey@yahoo.com]

The potential output of an economy is:
 a. the output level at which inflation is very high.
 b. the output level at which nominal GDP is equal to real GDP.
  c. less than the full-employment rate of output.
 d. the output level at which total unemployment is zero.
 e. also referred to as the natural rate of output.

Question 2

Which of the following changes will shift the money demand curve leftward?
 a. An increase in the price level
 b. An increase in real GDP
 c. A decrease in the nominal interest rate
 d. An increase in the nominal interest rate
 e. A decrease in real GDP

[amynguyen1221]

Answer to Question 1

e

Answer to Question 2

e

[eruditmonkey@yahoo.com]

YES! Correct, THANKS for helping me on my review

[ryansturges]

Excellent