Author Question: Which of the following statements about the real goods market is not true? a. Among the most ... (Read 41 times)

silviawilliams41 · **on:** Jun 30, 2018

Which of the following statements about the real goods market is not true?
a. Among the most important factors influencing the shape of the aggregate supply curve is the nation's rate of resource utilization.
b. Among the key indicators that provide clues about where a nation is on its aggregate supply curve is the unemployment rate.
c. If the nation were near the Keynesian range, a strong increase in real GDP would be accompanied by relatively weak rise in the price index.
d. In the classical range, a significant increase in real GDP is accompanied by a relatively small increase in the price index.
e. All of the above are true.

Question 2

Hyperinflation:
a. Has no official definition.
b. Usually ends with the nation abandoning its old currency and establishing a new one.
c. Is good for most nations because it increaes their nominal GDPs.
d. Is really a relic of the past with no current-day counterparts.