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 11 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
Wow, this really help

Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

The declining age of menarche over the past 150 years has been measured in many European countries, The declining age of menarche over the past 150 years has been measured in many European countries,
Effects of Insulin and Glucagon on Glucose and Glycogen Effects of Insulin and Glucagon on Glucose and Glycogen
Effects of PYY on Activity of the Hypothalamus and OFC Effects of PYY on Activity of the Hypothalamus and OFC
Chain of infection. Chain of infection.
Effects of an inhibitor and an uncoupler on oxygen uptake and ATP synthesis Effects of an inhibitor and an uncoupler on oxygen uptake and ATP synthesis
Video: Digestion Animation

For a complete list of videos, visit our video library