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Author Question: Resources are a. scarce for households but abundant for the whole economy b. abundant for ... (Read 141 times)

NguyenJ

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on: Jun 30, 2018
Resources are
 a. scarce for households but abundant for the whole economy
  b. abundant for households but scarce for the whole economy
  c. scarce for households and scarce for the whole economy.
  d. abundant for households and the whole economy.

Question 2

If real GDP increased by 2 and nominal GDP increased by 4, then output:
 a. increased and the price level increased.
  b. increased and the price level decreased.
  c. decreased and the price level increased.
  d. decreased and the price level decreased.


ghepp

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

c

Answer to Question 2

a


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NguyenJ

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Reply #2 on: Jun 30, 2018
Thank you


ghepp

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Reply #3 on: Jun 30, 2018
No problemo


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