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Author Question: The intersection of the aggregate demand and the aggregate supply curve defines the equilibrium ... (Read 83 times)

sabina

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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.


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bobsmith

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

d

Answer to Question 2

b


sabina

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bigsis44

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Reply 3 on: Yesterday
Excellent

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