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Author Question: Which of the following could cause nominal GDP to decrease, but real GDP to increase? A) The ... (Read 62 times)

vicky

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on: Jun 29, 2018
Which of the following could cause nominal GDP to decrease, but real GDP to increase?
 
  A) The price level rises and the quantity of final goods and services produced rises.
  B) The price level falls and the quantity of final goods and services produced falls.
  C) The price level rises and the quantity of final goods and services produced falls.
  D) The price level falls and the quantity of final goods and services produced rises.

Question 2

Which of the following would cause the short-run aggregate supply curve to shift to the right?
 
  A) an increase in the price level B) a technological advance
  C) a decrease in inflation expectations D) an increase in interest rates


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kristenb95

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

D

Answer to Question 2

B


vicky

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

jackie

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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