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

Author Question: Compensation of employees is the largest component of GDP using the income approach. a. True b. ... (Read 78 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
Compensation of employees is the largest component of GDP using the income approach.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

According to classical macroeconomic theory, if real GDP is below the full-employment level, then an increase in aggregate demand will result in which of the following changes in equilibrium?
 a. Real GDP will rise, but the price level will remain constant.
  b. Real GDP and the price level will both rise.
  c. Real GDP will remain unchanged but the price level will rise.
  d. None of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jane

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


Cooldude101

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Approach used to determine the evolutionary relationships among many animal species using molecular Approach used to determine the evolutionary relationships among many animal species using molecular
Changes in the bronchioles during an asthma attack: (a) Normal bronchiole; (b) the inflammatory comp Changes in the bronchioles during an asthma attack: (a) Normal bronchiole; (b) the inflammatory comp
Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers
Simultaneous Determination of Income and Modernization Simultaneous Determination of Income and Modernization
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library