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Author Question: In the above figure, real GDP at full employment is A) 16 trillion. B) 16.5 trillion. C) more ... (Read 78 times)

altibaby

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on: Jun 29, 2018
In the above figure, real GDP at full employment is
 
  A) 16 trillion.
  B) 16.5 trillion.
  C) more than 16 and less than 16.5 trillion.
  D) None of the above answers is correct.

Question 2

If the cross elasticity of demand between goods A and B is positive
 
  A) the demands for A and B are both price elastic.
  B) the demands for A and B are both price inelastic.
  C) A and B are complements.
  D) A and B are substitutes.


aruss1303

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

A

Answer to Question 2

D


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