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Author Question: When there is positive inflation, A) growth in nominal GDP exceeds growth in real GDP. B) growth ... (Read 124 times)

stephzh

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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


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l.stuut

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

A

Answer to Question 2

C


stephzh

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

sultana.d

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

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