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Author Question: In long-run macroeconomic equilibrium A) real GDP equals potential GDP. B) the price level is ... (Read 91 times)

james0929

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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


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jojobee318

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

A

Answer to Question 2

A


james0929

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

robbielu01

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

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