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

Author Question: Assuming an inflationary gap exists, classical economists believe that flexible wages will restore ... (Read 53 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

KKcool

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

True


bobbysung

  • Member
  • Posts: 519
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Siamese cat, classical colorpoint pattern Siamese cat, classical colorpoint pattern
Effect of Education on Wages Effect of Education on Wages
Share of Human Capital in Wages in Developing Countries Share of Human Capital in Wages in Developing Countries
On the Flexible Item Selection Task (FIST) children are presented with three cards On the Flexible Item Selection Task (FIST) children are presented with three cards
The density of Pb(s) is 11.34 g/cm3. Pb(s) exists in the cubic-closest packed structure The density of Pb(s) is 11.34 g/cm3. Pb(s) exists in the cubic-closest packed structure
Normal physiologic mechanisms of the body that restore homeostasis to the balance of serum calcium Normal physiologic mechanisms of the body that restore homeostasis to the balance of serum calcium
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library