[Answered] If Year 2 is the base year, the real GDP of Year 1 is A) 800. B) 1050. C) 1900. D) ...

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Author Question: If Year 2 is the base year, the real GDP of Year 1 is A) 800. B) 1050. C) 1900. D) ... (Read 34 times)

jazziefee

Hero Member
Posts: 505

on: Jun 30, 2018

If Year 2 is the base year, the real GDP of Year 1 is

A) 800.
B) 1050.
C) 1900.
D) 2400.

Question 2

According to the real business cycle model, a rightward shift in the long-run aggregate supply schedule would be caused by ________.

A) a negative supply shock
B) an increase in aggregate demand
C) a positive supply shock
D) a decrease in aggregate demand

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Jossy

Sr. Member
Posts: 336

Reply #1 on: Jun 30, 2018

Answer to Question 1

B

Answer to Question 2

C

jazziefee

Member
Posts: 505

Reply 2 on: Jun 30, 2018

YES! Correct, THANKS for helping me on my review

xoxo123

Member
Posts: 335

Reply 3 on: Yesterday

Excellent

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Author Question: If Year 2 is the base year, the real GDP of Year 1 is A) 800. B) 1050. C) 1900. D) ... (Read 34 times)

jazziefee

If Year 2 is the base year, the real GDP of Year 1 is A) 800. B) 1050. C) 1900. D) ...

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Need homework help now?

Jossy

If Year 2 is the base year, the real GDP of Year 1 is A) 800. B) 1050. C) 1900. D) ...

jazziefee

xoxo123