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

Author Question: Starting from a position of macroeconomic equilibrium at the full-employment level of real GDP, in ... (Read 335 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
Starting from a position of macroeconomic equilibrium at the full-employment level of real GDP, in the short run, an unanticipated decrease in the money supply will:
 a. raise real interest rates, lower the price level, and reduce real GDP.
 b. raise real interest rates, lower the price level, and leave real GDP unchanged.
 c. raise nominal interest rates, lower the price level, and leave real GDP unchanged.
  d. lower real interest rates, raise the price level, and increase real GDP.

Question 2

As of 2010, the World Bank classified a country as a low-income economy when its domestic per capita GDP fell below _____.
 a. 1000
  b. 995
  c. 675
  d. 530
  e. 475



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xoxo123

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

a

Answer to Question 2

b





 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

For a complete list of videos, visit our video library