« previous next »

Author Question: Resources are a. scarce for households but abundant for the whole economy b. abundant for ... (Read 133 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
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

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
Reply #2 on: Jun 30, 2018
Thank you


ghepp

  • Sr. Member
  • ****
  • Posts: 361
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

The American Lion was one of the abundant Pleistocene megafauna, a wide variety of very large mammal The American Lion was one of the abundant Pleistocene megafauna, a wide variety of very large mammal
Many Natural Resources Can Be Sustained Many Natural Resources Can Be Sustained
Iceland Geothermal Resources Iceland Geothermal Resources
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Metallic Resources Metallic Resources
Percentage of higher-income Canadian households Percentage of higher-income Canadian households
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library