This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to the AS-AD model, when real GDP is less than potential GDP, the unemployment rate is ... (Read 51 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Jun 29, 2018
According to the AS-AD model, when real GDP is less than potential GDP, the unemployment rate is definitely
 
  A) equal to the natural unemployment rate.
  B) rising.
  C) falling.
  D) greater than the natural unemployment rate.
  E) less than the natural unemployment rate.

Question 2

If the economy is on its short-run Phillips curve at the natural unemployment rate, then in the AS-AD model, real GDP is definitely
 
  A) decreasing.
  B) greater than potential GDP.
  C) less than potential GDP.
  D) increasing.
  E) equal to potential GDP.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

E


dbose

  • Member
  • Posts: 597
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Model of the Reading Process Model of the Reading Process
A Simple Neural Model of Classical Conditioning A Simple Neural Model of Classical Conditioning
Model of transporter passage through an NPC Model of transporter passage through an NPC
A Model of Scientific Literacy A Model of Scientific Literacy
How to use the discriminant to determine the value of k in a quadratic with one real root How to use the discriminant to determine the value of k in a quadratic with one real root
Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ... Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ...
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library