This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The intersection of the aggregate demand and the aggregate supply curve defines the equilibrium ... (Read 45 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
on: Jun 30, 2018
The intersection of the aggregate demand and the aggregate supply curve defines the equilibrium level of _____ and the price level.
 a. real interest rate
  b. nominal interest rate
  c. nominal GDP
  d. real GDP
  e. unemployment

Question 2

Positive statements are:
 a. prescriptive, making claims about how the world ought to be.
  b. descriptive, making claims about how the world is.
 c. optimistic, putting the best possible interpretation on things.
  d. affirmative, justifying existing economic policy.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


sabina

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Four Arch Curve Four Arch Curve
Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
Othmer’s Equilibrium Still Schematic Diagram Othmer’s Equilibrium Still Schematic Diagram
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Video: Cardiac Cycle (Part 3 of 4)

For a complete list of videos, visit our video library