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Author Question: In the base year, the relationship between nominal and real GDP is a. uncertain. b. one of ... (Read 12 times)

fbq8i

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on: Jun 30, 2018
In the base year, the relationship between nominal and real GDP is
 
  a. uncertain.
  b. one of equality.
  c. real GDP is higher.
  d. nominal GDP is higher.

Question 2

In the short run ________.
 
  A) the more flexible wages and prices are, the more inflation responds to the output gap
  B) the more sticky wages and prices are, the more difficult to tell the difference between the short run and long run aggregate supply curves
  C) if wages and prices are sticky, aggregate output is always at its potential level
  D) all of the above
  E) none of the above


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upturnedfurball

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

B

Answer to Question 2

A


fbq8i

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Reply 2 on: Jun 30, 2018
Excellent

softEldritch

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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