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 127 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
Thanks for the timely response, appreciate it

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo
To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ... To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ...
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
Bacteria growth curve Bacteria growth curve
Polyploidy increases fruit size Polyploidy increases fruit size
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library