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

Author Question: Over the last twenty years, real GDP in the U.S. economy has increased and there has been inflation. ... (Read 122 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kingdude89

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

B

Answer to Question 2

D





 

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

For a complete list of videos, visit our video library