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

Author Question: When economists speak of changes in GDP measured in constant dollars, they mean that: a. money GDP ... (Read 67 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Jun 30, 2018
When economists speak of changes in GDP measured in constant dollars, they mean that:
 a. money GDP is constant.
  b. the price level is constant.
  c. a price index has been used to adjust money GDP for the effects of inflation.
  d. the growth rate of money GDP has been adjusted for changes in population.

Question 2

The aggregate supply curve indicates the:
 a. relationship between prices and the aggregate quantity of goods and services purchased by consumers, investors, governments, and foreigners (net exports).
  b. relationship between prices and the natural rate of unemployment.
  c. relationship between the real wage rate and the quantity of labor supplied by households.
  d. quantity of goods and services producers will supply at different price levels.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcabuhat

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Haya94

  • Member
  • Posts: 558
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
Average Hourly Earnings of U.S. Workers in Current and Constant Dollars Average Hourly Earnings of U.S. Workers in Current and Constant Dollars
Deliberative nursing is a constant process of validating perceptions, thoughts, and feelings. Deliberative nursing is a constant process of validating perceptions, thoughts, and feelings.
Constant velocity versus positive velocity Constant velocity versus positive velocity
Reaction at constant-pressure Reaction at constant-pressure
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library