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 exceeds potential GDP, the unemployment rate is ... (Read 80 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
According to the AS-AD model, when real GDP exceeds potential GDP, the unemployment rate is definitely
 
  A) less than the natural unemployment rate.
  B) greater than the natural unemployment rate.
  C) rising.
  D) falling.
  E) equal to the natural unemployment rate.

Question 2

Comparing the AS-AD model and the Phillips curve, we see that
 
  A) they both are graphed as a relationship between the rate of inflation and the unemployment rate.
  B) the AS-AD model uses the price level and the Phillips curve uses the rate of inflation.
  C) the AS-AD model is graphed as a relationship between the inflation rate and the rate of real GDP.
  D) the AS-AD model uses the price level and the Phillips curve uses real GDP.
  E) the Phillips curve is graphed as a relationship between the price level and the unemployment rate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hanadaa

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


yoroshambo

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

How would you rate your overall health?” The percent of adults answering “excellent” or ... How would you rate your overall health?” The percent of adults answering “excellent” or ...
Factors that Influence Pulse Rate Factors that Influence Pulse Rate
Influence of substrate concentration on the rate of an enzyme-catalyzed reaction. Influence of substrate concentration on the rate of an enzyme-catalyzed reaction.
A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ... A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ...
A model for kinetochore structure and organization A model for kinetochore structure and organization
An Event-Related Potential An Event-Related Potential
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library