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Author Question: All changes in nominal GDP are due to price changes. a. True b. False Indicate whether the ... (Read 38 times)

PhilipSeeMore

  • Hero Member
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  • Posts: 561
on: Jun 30, 2018
All changes in nominal GDP are due to price changes.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

At low levels of employment, the Keynesian aggregate supply curve:
 a. tilts downward to the right.
  b. tilts upward to the right.
  c. is vertical.
  d. shows a constant price level.
  e. shows a rising price level.


britb2u

  • Sr. Member
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  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


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