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Author Question: An expansionary gap is equal to: a. real GDP minus nominal GDP. b. nominal GDP minus real GDP. c. ... (Read 110 times)

c0205847

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on: Jun 30, 2018
An expansionary gap is equal to:
 a. real GDP minus nominal GDP.
 b. nominal GDP minus real GDP.
 c. the actual short-run output minus potential output.
 d. the actual price level minus expected price level.
 e. the actual long-run real GDP minus actual short-run disposable income.

Question 2

The demand curve for investment depicts:
 a. an inverse relationship between interest rate and aggregate demand.
  b. an inverse relationship between interest rate and investment.
 c. an inverse relationship between price level and real GDP.
 d. a direct relationship between interest rate and quantity of money.
  e. a direct relationship between aggregate demand and real GDP.


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robbielu01

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

c

Answer to Question 2

b


c0205847

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Reply 2 on: Jun 30, 2018
Wow, this really help

T4T

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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