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

Author Question: Given a downward-sloping aggregate demand curve, if short-run aggregate supply increases, real GDP ... (Read 152 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jun 30, 2018
Given a downward-sloping aggregate demand curve, if short-run aggregate supply increases, real GDP must increase and nominal GDP must fall.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of these is most likely to lower the velocity of money?
 a. A commercial innovation that facilitates exchange
 b. A low inflation rate
 c. A decline in the effectiveness of money as a store of wealth
  d. A high inflation rate
 e. A weekly pay for workers instead of a monthly pay


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


123654777

  • Member
  • Posts: 585
Reply 2 on: Jun 30, 2018
Excellent

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Atmospheric pressure decreases as altitude increases. Atmospheric pressure decreases as altitude increases.
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Spirituality increases with age, but there are different patterns for the two genders. Both genders ... Spirituality increases with age, but there are different patterns for the two genders. Both genders ...
Please help me with a Real Estate Course Problem Please help me with a Real Estate Course Problem
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Effects of acidosis and alkalosis on the oxyhemoglobin dissociation curve Effects of acidosis and alkalosis on the oxyhemoglobin dissociation curve
Video: Stages of Mitosis - Prophase, Prometaphase, Metaphase, Anaphase & Telophase

For a complete list of videos, visit our video library