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

Author Question: Nominal GDP is greater than GDP because of the effects of inflation as measured by the GDP chain ... (Read 38 times)

jCorn1234

  • Hero Member
  • *****
  • Posts: 545
on: Jun 30, 2018
Nominal GDP is greater than GDP because of the effects of inflation as measured by the GDP chain price index.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The full employment level of real GDP can be represented on an aggregate supply and demand diagram as a(n):
 a. vertical line.
  b. upward-sloping line.
  c. horizontal line.
  d. downward-sloping line.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scikid

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


jCorn1234

  • Member
  • Posts: 545
Reply 2 on: Jun 30, 2018
:D TYSM

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Predicted effects of piscivores on planktivore, herbivore, and phytoplankton biomass and production Predicted effects of piscivores on planktivore, herbivore, and phytoplankton biomass and production
Physiological effects of the accumulation of lactose in the intestines of a lactose-intolerant indiv Physiological effects of the accumulation of lactose in the intestines of a lactose-intolerant indiv
Anthropologist Andrea Wiley (left) investigates the effects of high-altitude living on reproductive Anthropologist Andrea Wiley (left) investigates the effects of high-altitude living on reproductive
The diminishing effects on body weight of a low-calorie diet and a high-calorie diet. The diminishing effects on body weight of a low-calorie diet and a high-calorie diet.
Effects of the Autonomic Nervous System Effects of the Autonomic Nervous System
Target Organ Effects Target Organ Effects
Video: Endocytosis -Types and Phagocytosis

For a complete list of videos, visit our video library