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Author Question: Assume the economy is operating at a real GDP above full-employment real GDP. Classical economists ... (Read 86 times)

HCHenry

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on: Jun 30, 2018
Assume the economy is operating at a real GDP above full-employment real GDP. Classical economists would prescribe which of the following policies?
 a. Nonintervention
 b. Active monetary policy
  c. Contractionary
 d. Expansionary

Question 2

If the GDP chain price index in a given year is less 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


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trampas

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


HCHenry

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

steff9894

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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