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Author Question: Assuming an inflationary gap exists, classical economists believe that flexible wages will restore ... (Read 48 times)

bobbysung

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on: Jun 30, 2018
Assuming an inflationary gap exists, classical economists believe that flexible wages will restore full employment.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In any year, nominal GDP divided by the GDP chain price index equals real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false


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KKcool

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

True

Answer to Question 2

True


bobbysung

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

kalskdjl1212

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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