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Author Question: A decrease in government purchases can close an expansionary gap by shifting the aggregate demand ... (Read 53 times)

dakota nelson

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on: Jun 30, 2018
A decrease in government purchases can close an expansionary gap by shifting the aggregate demand curve.
 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 4 trillion, then the nominal gross domestic product (GDP) for that year is _____.
 a. .04 trillion
  b. 0.4 trillion
 c. 4 trillion
 d. 40 trillion
 e. 400 trillion


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nanny

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


dakota nelson

  • Member
  • Posts: 604
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bimper21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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