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 24 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 :)

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Classical Conditioning and Systematic Desensitization Classical Conditioning and Systematic Desensitization
Most air filter housings are located on the side of the engine compartment and use flexible rubber ... Most air filter housings are located on the side of the engine compartment and use flexible rubber ...
Pavlov’s Original Classical Conditioning Procedure Pavlov’s Original Classical Conditioning Procedure
Classical-Conditioning Activity Classical-Conditioning Activity
Geese continued to follow a human around assuming their actual mothers Geese continued to follow a human around assuming their actual mothers
In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ... In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ...
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library