This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In long-run macroeconomic equilibrium A) real GDP equals potential GDP. B) the price level is ... (Read 57 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jun 29, 2018
In long-run macroeconomic equilibrium
 
  A) real GDP equals potential GDP.
  B) the price level is fixed and aggregate demand determines real GDP.
  C) real GDP and the price level are determined by short-run aggregate supply and aggregate demand and long-run aggregate supply is irrelevant.
  D) real GDP is less than potential GDP.

Question 2

Which of the following is included in a nation's current account?
 
  I. the import of services
  II. a change of foreign currency holdings
  III. net transfers, such as foreign aid payments
  A) I and III
  B) I and II
  C) II and III
  D) III only


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


james0929

  • Member
  • Posts: 586
Reply 2 on: Jun 29, 2018
Wow, this really help

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Potential uses of stem cells Potential uses of stem cells
Action potential Action potential
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
A space probe approaches a planet, taking measurements as it goes. If it detects a potential ... A space probe approaches a planet, taking measurements as it goes. If it detects a potential ...
An 82-kg painter stands on a long horizontal board 1.55 m from one end. This 27-kg board is ... An 82-kg painter stands on a long horizontal board 1.55 m from one end. This 27-kg board is ...
The Hardy–Weinberg Equilibrium The Hardy–Weinberg Equilibrium
Video: Vascular tissues in a corn stem and a buttercup root

For a complete list of videos, visit our video library