This topic contains a solution. Click here to go to the answer

Author Question: Suppose the economy currently has an inflationary ga A) decrease aggregate demand, decrease ... (Read 57 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
Suppose the economy currently has an inflationary ga
 
  A) decrease aggregate demand, decrease prices, and decrease real GDP.
  B) increase short-run aggregate supply, decrease prices and increase real GDP.
  C) increase short-run aggregate supply, decrease in prices and decrease in real GDP.
  D) decrease aggregate demand, decrease prices, and increase real GDP.

Question 2

Refer to the scenario above. Using 2012 as the base year, what is the real GDP of the economy in 2013?
 
  A) 49,500 B) 55,000 C) 47,000 D) 56,000



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JYan

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

A

Answer to Question 2

D




scienceeasy

  • Member
  • Posts: 565
Reply 2 on: Jun 30, 2018
Excellent


miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

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?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

For a complete list of videos, visit our video library