« previous next »

Author Question: Real GDP, as opposed to money (nominal) GDP, has been adjusted for changes in the general level of ... (Read 67 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
Real GDP, as opposed to money (nominal) GDP, has been adjusted for changes in the general level of prices.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the upward-sloping segment of the aggregate supply curve,
 a. when GDP increases, the price level rises.
  b. when GDP increases, the price level does not change.
  c. when GDP decreases, the price level rises.
  d. when GDP increases, the price level falls.
  e. there is no relationship between changes in GDP and changes in the price level.


frre432

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Martin Van Buren, sitting uncomfortably for this engraving, would eventually ascend to the presidenc Martin Van Buren, sitting uncomfortably for this engraving, would eventually ascend to the presidenc
Level II HCPCs Codes Level II HCPCs Codes
Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ... Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ...
Rising sea level threatens coastal communities around the world Rising sea level threatens coastal communities around the world
The Effects of a Spinal Cord Injury by Spinal Level The Effects of a Spinal Cord Injury by Spinal Level
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library