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Author Question: If nominal GDP rises we can say that A) production has risen and prices remain constant. B) ... (Read 73 times)

shofmannx20

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on: Jun 29, 2018
If nominal GDP rises we can say that
 
  A) production has risen and prices remain constant.
  B) prices have risen and production remains constant.
  C) production has fallen and prices have risen.
  D) production has risen or prices have risen or both have risen.

Question 2

Refer to Figure 26-7. Suppose the Fed sells Treasury Bills in pursuit of contractionary monetary policy. Using the static AD-AS model in the figure above, this situation would be depicted as a movement from
 
  A) B to C. B) C to B. C) B to D. D) C to D. E) A to B.


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gstein359

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


shofmannx20

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Reply #2 on: Jun 29, 2018
Correct answers!


gstein359

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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