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 56 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
:D TYSM


scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

For a complete list of videos, visit our video library