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Author Question: If a nation remains poor over time, it could be that: a. c and e. b. d and e. c. the population ... (Read 50 times)

vHAUNG6011

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If a nation remains poor over time, it could be that:
 a. c and e.
  b. d and e.
  c. the population growth rate is at least as much as the national GDP growth rate.
  d. the per capita real GDP growth rate is larger than the population growth rate.
  e. the national real GDP growth rate is lower than the population growth rate.

Question 2

Long-run full-employment equilibrium assumes:
 a. a downward-sloping production function.
  b. a downward-sloping long-run supply curve (LRAS).
 c. the CPI index price level equals the equilibrium wage rate.
 d. the CPI equals aggregate demand (AD) equals short-run aggregate supply (SRAS) equals long-run aggregate supply (LRAS).



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ms_sulzle

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Answer to Question 1

a

Answer to Question 2

d




vHAUNG6011

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


gcook

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Reply 3 on: Yesterday
Wow, this really help

 

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