Author Question: In years with inflation, nominal GDP increases ________ real GDP. A) faster than B) slower than ... (Read 102 times)

bobthebuilder · **on:** Jun 29, 2018

In years with inflation, nominal GDP increases ________ real GDP.

A) faster than
B) slower than
C) at the same rate as
D) sometimes faster, sometimes slower, and sometimes at the same rate as

Question 2

Taco Bell's economists determine that the price elasticity of demand for their tacos is 2.0. So, if Taco Bell raises the price of its tacos by 6.0 percent, the quantity demanded will decrease by ________ percent.

A) 2.0
B) 3.0
C) 6.0
D) 12.0

frre432 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

D

bobthebuilder · **Reply #2 on:** Jun 29, 2018

Thank you

frre432 · **Reply #3 on:** Jun 29, 2018

No problemo

Author Question: In years with inflation, nominal GDP increases ________ real GDP. A) faster than B) slower than ... (Read 102 times)

bobthebuilder

In years with inflation, nominal GDP increases ________ real GDP. A) faster than B) slower than ...

frre432

In years with inflation, nominal GDP increases ________ real GDP. A) faster than B) slower than ...

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bobthebuilder

In years with inflation, nominal GDP increases ________ real GDP. A) faster than B) slower than ...

frre432

In years with inflation, nominal GDP increases ________ real GDP. A) faster than B) slower than ...