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Author Question: The potential output of an economy is: a. the output level at which inflation is very high. b. the ... (Read 32 times)

eruditmonkey@yahoo.com

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on: Jun 30, 2018
The potential output of an economy is:
 a. the output level at which inflation is very high.
 b. the output level at which nominal GDP is equal to real GDP.
  c. less than the full-employment rate of output.
 d. the output level at which total unemployment is zero.
 e. also referred to as the natural rate of output.

Question 2

Which of the following changes will shift the money demand curve leftward?
 a. An increase in the price level
 b. An increase in real GDP
 c. A decrease in the nominal interest rate
 d. An increase in the nominal interest rate
 e. A decrease in real GDP


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amynguyen1221

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

e

Answer to Question 2

e


eruditmonkey@yahoo.com

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  • Posts: 546
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

frankwu0507

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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