Author Question: When the labor market is at full employment A) real GDP equals potential GDP. B) the price level ... (Read 111 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
When the labor market is at full employment
 
  A) real GDP equals potential GDP.
  B) the price level is stable.
  C) the price level equals the potential price level.
  D) the short run aggregate supply curve is horizontal.

Question 2

If Ford sells 200 Explorers for a total of 400,000 to Germany, while the United States imports 100 BMWs for a total of 500,000 from Germany
 
  A) U.S. GDP increases because it sells more Explorers.
  B) U.S. GDP decreases because net exports are negative.
  C) Germany's GDP decreases.
  D) U.S. net exports is positive.



jasonq

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

For a complete list of videos, visit our video library