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

Author Question: Assume the economy is experiencing an inflationary gap, classical economists believe that: a. ... (Read 106 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
on: Jun 30, 2018
Assume the economy is experiencing an inflationary gap, classical economists believe that:
 a. flexible wages will restore full employment.
 b. the federal government should decrease spending to shift the aggregate demand curve leftward.
  c. the Federal Reserve should lower the interest rate.
 d. the federal government should increase spending to shift the aggregate demand curve rightward.

Question 2

If the GDP chain price index in a given year is greater than 100, real GDP in that year would be greater than nominal 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

aburgess

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
Reply #2 on: Jun 30, 2018
Thank you


aburgess

  • Sr. Member
  • ****
  • Posts: 361
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Classical Conditioning in Advertisements Classical Conditioning in Advertisements
Many diesel fuel additives increase the cetane rating which results in improved fuel economy. Many diesel fuel additives increase the cetane rating which results in improved fuel economy.
A Tough Economy ...for students A Tough Economy ...for students
Two classical models for the cooperative ligand binding by hemoglobin Two classical models for the cooperative ligand binding by hemoglobin
Classical Conditioning and Food Classical Conditioning and Food
Video: Phases of the Female Reproductive Cycle - Hormonal regulation

For a complete list of videos, visit our video library