Author Question: Expansionary and contractionary gaps are automatically eliminated by shifts in aggregate demand. a. ... (Read 36 times)

magmichele12

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Expansionary and contractionary gaps are automatically eliminated by shifts in aggregate demand.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the real gross domestic product (GDP) for the base year is 3 trillion, then the nominal gross domestic product (GDP) for that year is _____.
 a. .03 trillion
  b. 0.3 trillion
 c. 3 trillion
 d. 30 trillion
 e. 300 trillion



Kimmy

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Answer to Question 1

False

Answer to Question 2

c



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