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Author Question: In 1990, U.S. nominal GDP was 5,744 billion and the GDP chain price index is 93.6 . Real GDP is: a. ... (Read 70 times)

Anajune7

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on: Jun 30, 2018
In 1990, U.S. nominal GDP was 5,744 billion and the GDP chain price index is 93.6 . Real GDP is:
 a. 6,137 billion.
  b. 5,376 billion.
  c. 6,000 billion.
  d. 6,376 billion.

Question 2

In the intermediate range of the aggregate supply curve, higher aggregate demand will increase:
 a. both the price level and real GDP.
  b. real GDP without raising the price level.
  c. the price level without affecting real GDP.
  d. the price level but reduce real GDP.


heyhey123

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

a

Answer to Question 2

a


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