This topic contains a solution. Click here to go to the answer

Author Question: Nominal GDP is A) real GDP adjusted for price changes. B) GDP valued at prices of that year. C) ... (Read 162 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
Nominal GDP is
 
  A) real GDP adjusted for price changes.
  B) GDP valued at prices of that year.
  C) GDP valued at constant prices.
  D) real GDP valued at base year prices.

Question 2

Which of the following changes does NOT shift the long-run aggregate supply curve?
 
  A) a decrease in the labor force
  B) a fall in the price level
  C) a rise in number of college graduates in the labor force
  D) a tax hike that reduces the capital stock



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zogaridan

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

B

Answer to Question 2

B




Sufayan.ah

  • Member
  • Posts: 512
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

For a complete list of videos, visit our video library