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Author Question: If the AD curve shifts rightward, then A) both the price level and real GDP will decrease. B) ... (Read 165 times)

imanialler

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on: Jun 29, 2018
If the AD curve shifts rightward, then
 
  A) both the price level and real GDP will decrease.
  B) both the price level and real GDP will increase.
  C) the price level will increase, but no change will occur in real GDP.
  D) the price level will not change, but real GDP will increase.
  E) potential GDP increases.

Question 2

The quantity of money is 1 billion, the price level is 1.10, and real GDP is 10 billion. What is the velocity of money?
 
  What will be an ideal response?


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bobsmith

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

B

Answer to Question 2

The velocity of money equals 11.


imanialler

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ebonylittles

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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