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

Author Question: When there is positive inflation, A) growth in nominal GDP exceeds growth in real GDP. B) growth ... (Read 123 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
When there is positive inflation,
 
  A) growth in nominal GDP exceeds growth in real GDP.
  B) growth in real GDP exceeds growth in nominal GDP.
  C) growth in real GDP and nominal GDP are roughly equal.
  D) there can never be any growth in nominal GDP.

Question 2

The marginal product of labor indicates ________. Therefore the MPL curve is also ________.
 
  A) the quantity of labor supplied for a given wage; the equilibrium price of labor
  B) the quantity of labor demanded for a given wage; the equilibrium price of labor
  C) the quantity of labor demanded for a given wage; the demand curve of labor
  D) the quantity of labor supplied for a given wage; the supply curve of labor
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


stephzh

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Seasonal changes in biomass and growth form of benthic algae in the Eel River, California: (a) in ea Seasonal changes in biomass and growth form of benthic algae in the Eel River, California: (a) in ea
Use a DMM set to read DC volts to check the voltage drop of the positive circuit to the fuel ... Use a DMM set to read DC volts to check the voltage drop of the positive circuit to the fuel ...
Ice sheet growth and decay is complex Ice sheet growth and decay is complex
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
The Great Spike in World Population Growth The Great Spike in World Population Growth
This table shows the growth of a crowd at a rally over a 3 h period. This table shows the growth of a crowd at a rally over a 3 h period.
Video: Primate Evolutionary Tree Animation

For a complete list of videos, visit our video library