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 44 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
YES! Correct, THANKS for helping me on my review

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Fast food effects on body Fast food effects on body
Stimulant Effects on the Brain Stimulant Effects on the Brain
Multisystem effects of premenstrual syndrome. Multisystem effects of premenstrual syndrome.
Examples of Adverse Effects of Anticancer Drugs Examples of Adverse Effects of Anticancer Drugs
The amount of genetic variation within populations is far greater than the variation between populat The amount of genetic variation within populations is far greater than the variation between populat
Effects of El Niño Effects of El Niño
Video: Hershey Chase Experiments

For a complete list of videos, visit our video library