Suppose the country of Quasiland experienced a decrease in real ...

[anshika]

Suppose the country of Quasiland experienced a decrease in real GDP and people were laid off from their jobs. The people would be considered part of
 
  A) frictional unemployment.
  B) structural unemployment.
  C) cyclical unemployment.
  D) discouraged workers.

Question 2

Suppose an economy has some inflation. Then, after a base year, the value of real GDP will
 
  A) be less than nominal GDP.
  B) not be different from nominal GDP.
  C) be greater than nominal GDP.
  D) will be approximately half the value of nominal GDP.

[phuda]

Answer to Question 1

C

Answer to Question 2

C

[anshika]

Thanks for the timely response, appreciate it

[adf223]

Excellent