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Author Question: Over the last twenty years, real GDP in the U.S. economy has increased and there has been inflation. ... (Read 114 times)

cmoore54

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on: Jun 30, 2018
Over the last twenty years, real GDP in the U.S. economy has increased and there has been inflation. This indicates that
 
  A) aggregate demand has been constant while aggregate supply has increased.
  B) aggregate demand has increased more than aggregate supply.
  C) aggregate demand has increased while aggregate supply has been constant.
  D) aggregate demand has increased less than aggregate supply.

Question 2

Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. The break-even level of real disposable income is
 
  A) 0. B) 6,000. C) 14,000. D) 10,000.


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kingdude89

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


cmoore54

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Reply #2 on: Jun 30, 2018
Thank you


kingdude89

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Reply #3 on: Jun 30, 2018
No problemo


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