« previous next »

Author Question: Expansionary and contractionary gaps are automatically eliminated by shifts in aggregate demand. a. ... (Read 40 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
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

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
Stand over a rocker base to make weight shifts. Stand over a rocker base to make weight shifts.
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Aggregate Fruits: Strawberry Aggregate Fruits: Strawberry
Video: Negative Feedback Regulation of Blood Pressure

For a complete list of videos, visit our video library