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Author Question: Which of the following is TRUE about the long-run aggregate supply curve? A) It is vertical at ... (Read 106 times)

biggirl4568

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on: Jun 29, 2018
Which of the following is TRUE about the long-run aggregate supply curve?
 
  A) It is vertical at the level of potential GDP.
  B) It shows the relationship between the price level and real GDP when the economy is at full employment.
  C) It does not shift in response to temporary changes in aggregate demand.
  D) All of the above are true.

Question 2

If consumption expenditures are 500 million, net investment is 100 million, depreciation equals 5 million, imports are 50 million, exports are 55 million, government expenditure on goods and services is 220 million, and government transfer
 
  payments are 20 million, then GDP is A) 790 million.
  B) 800 million.
  C) 830 million.
  D) 850 million.


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coreycathey

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

D

Answer to Question 2

C


biggirl4568

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Reply #2 on: Jun 29, 2018
Correct answers!


coreycathey

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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