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Author Question: Gross domestic product is the total dollar value at current prices of all final and intermediate ... (Read 26 times)

lindiwe

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on: Jun 30, 2018
Gross domestic product is the total dollar value at current prices of all final and intermediate goods produced by a nation during a given time period.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

According to classical theory, if the aggregate demand curve decreased and the economy experienced unemployment, then:
 a. the economy would remain in this condition indefinitely.
  b. the government must increase spending to restore full employment.
  c. prices and wages would fall quickly to restore full employment.
  d. the supply of money would increase until the economy returned to full employment.


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batool

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

False

Answer to Question 2

c


lindiwe

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Reply #2 on: Jun 30, 2018
Correct answers!


batool

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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