Author Question: Nominal GDP is greater than GDP because of the effects of inflation as measured by the GDP chain ... (Read 39 times)

jCorn1234 · **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.